Why Some Bulls Expect Bitcoin to Fall Below $5,000 Prior to Big Rally

in cryptocurrency •  6 years ago 

Why Some Bulls Expect Bitcoin to Fall Below $5,000 Prior to Big Rally

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https://www.ccn.com/why-some-bulls-expect-bitcoin-to-fall-below-5000-prior-to-big-rally/

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lower prices will always be better for a potential rally. It gives large intuitions and whales to accumulate more before the supply finally dries up and causes a bull run. Most normal people get in after it's already oversold. Market structure is extremely important. Taking a look at the current google trends for 'cryptocurrency' shows that we are at almost all time lows. good accumulation phase.

Unless, of course, there is no real value in crypto. In which case it will never recover. But, I think there's value here.