Zooming out, we are in a long term bear market. With the recent pump, many will assume that the bottom is in at 3.2k, however those who have went through crypto winter knows that it last for months and months.
People are still FOMO-ing at every pump proving that capitulation have yet to occur. We need BTC to reach new lows before new players will find it attractive to push the market up once again.
People are still FOMO-ing at every pump proving that capitulation have yet to occur. We need BTC to reach new lows before new players will find it attractive to push the market up once again.
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