BTC Breakdown
No, it can't happen, it won't happen. Welcome to the opposite of the 20k USD BTC bull run. I'm anticipating further capitulation and a general lack of interest, anger and lost hope to drive BTC into new bear market lows.
I'd consider a reasonably large capitulation even with a quick buy up (7-10%) with large volume to be a signal for the end of the bear. This will take time and the movement of price upwards will also take time, including bottoming out and a retest.
Patiently waiting it out will keep you safe and unless you're shorting either keep your capital safe or look for investments in other asset classes for now. I'm prepared for a wait of 3-4 years before even contemplating a return to all time highs.
I'd consider a reasonably large capitulation even with a quick buy up (7-10%) with large volume to be a signal for the end of the bear. This will take time and the movement of price upwards will also take time, including bottoming out and a retest.
Patiently waiting it out will keep you safe and unless you're shorting either keep your capital safe or look for investments in other asset classes for now. I'm prepared for a wait of 3-4 years before even contemplating a return to all time highs.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.