1) We are not in a bear market just yet, simply because we have not broken out of the support level and closed to the downside....even if we did, we still could shoot back up, as its happened before.
2) Regulations are coming, we could see BTC crash a little further before we see it go back up. However when regulations come 99% of the 19,378 cryptos will die!...
Micro perspectives are less accurate than the Macro perspectives,like the one I posted earlier but I believe we will get to the same destination.It 's like the old saying of "There is more than one way to skin a cat."#BTC #ElliottWaves #bitcoin