Bitcoin: Despair is almost here folks. The end of the bear market and that stupid market image.

So we have all seen the market image of "return to mean" . If not here it is.

This image is shown whenever Bitcoin reaches a new ATH or despair but rarely at any other time. The any other time is very important to highlight because Bitcoin has had over 90% crashes before. 86% crashes. 65% crashes and still reached new highs every 9 months on average.

So. Here is the image laid over our current situation and in my opinion shows the very worst of the worst case scenarios.

Ok so the image above. Lows of $250. ....yea right you say!... Hey I agree. Not a chance. But lets take a look at it deeper.

In my opinion the buying zone will be between 2.5K and 5K. Anywhere in there should be great long term. Even buying today IMO is a great buy long term. Greedy on the lows is better than greedy on the highs. Don't be the guy who watches the bottom and doesn't buy.

I heard a saying on Reddit about markets. "Let someone else get the last dollar." That is great advice. Everyone fights for that lowest or highest price but rarely do we get it.

Capitulation is under way. With volume not coming in it will bleed some more. 5800 might fall before tax day. Right when you say well it can't go down any more... it will.

Despair sets in around $4000 to $3700. At 3500 some people will sell so fast to others that the price may only stay there for seconds. My bet is you will see the bottom happen live and say that was the bottom.

The end of heartbreak. The slow steady growth that leads to the next confidence run with Bitcoin. This will last months I think. Confidence will return and people will be excited about it again.

My take. I did an article on the average crashes of Bitcoin over the years. The average crash (bear market) lasted 200 days. We are 110 days in. Another critical decision could be made right now. But like always the analysis will show we are primed for a huge run up and when it starts it will last over 5 months on average and stopping probably shy of the price where McAfee will have one interesting dinner.

For those with money on the side and ready.

SHORT TERM: We may have a jump up soon after tax day is over on the 17th.

NOTE: Keep orders alive. Most exchanges the orders only last 30 days.

Next article coming Monday. Please give me a follow if you like it.

Disclaimer: This is not financial advice. This is just my opinion. Invest only what you can afford to lose.