Yep, indeed. But Bitcoin under $6K was something I was expecting for a long time now, and I'm actually glad that this drama pushed us through to what I considered to be inevitable anyway..
Inevitable because some people rely 100% on TA, and their TA states that it must. And truthfully, if we want another bull-run, we have to get all of the people involved as bulls. As long as half of the community thinks we're going up and the other half thinks we're going down ... then I think we're going down for as long as it takes to convince the bears to become bullish again. We need all of us bullish in order to awaken the Bitcoin bull.
A rise is bad for most, because most are outside.
Unless you bought into it, you should want the prices to decline more.
And in Bitcoin's case, there are even more "objective" reasons to want it dead, whatever the word "objective" means.
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