The reason why I am bullish on Bitcoin

Two different pathways...the same destination. If you focus on the small picture a drop to mid 4000's will seem a big deal. If you see the big picture it doesn't really make a difference if you are willing to wait it out. Obviously if the downtrend continues to those levels the basin phase might take a long time to complete.
Chart PatternsTrend AnalysisWave Analysis

Disclaimer