I expect $BTC and crypto markets to drop further before we can realistically feel bullish again. There's been quite a few optimistic moments (where I'm sure many people going LONG were stop-hunted or liquidated) recently but all proved to be bull traps as the markets made lower lows shortly after. I think we are in a 'Elliot Wave Double Three Correction Pattern' and will definitely see new lows in the coming weeks.
Have a look at this .Com Bubble comparison of the NASDAQ vs #Bitcoin, there are extremely similar wave moments and believe this is another bearish indicator. The conspiracy theorists will say it's the 'corporates, bankers, whales, strong hands' all forcing the 'weak hands, hodlers, lambo's, to the mooners' out which could likely be the case.
Have a look at this .Com Bubble comparison of the NASDAQ vs #Bitcoin, there are extremely similar wave moments and believe this is another bearish indicator. The conspiracy theorists will say it's the 'corporates, bankers, whales, strong hands' all forcing the 'weak hands, hodlers, lambo's, to the mooners' out which could likely be the case.