For a while now I'm expecting many months before a new bull market starts, perhaps even as far as the next halvening around mid 2020. However, just comparing current bear to 2013 bear in time, if it were to repeat, the minimum would be until September 2019.
Also makes sense as a lot of the institutional infrastructure will be coming online in the next 6-9 months, it's in the pipeline but needs time to roll out. Bakkt, fidelity, CBOE ETF etc.
Also interesting to note 200 MA on weekly and how it's been a support the last weeks. If BTC drops below that I fear that it's possible to go back to the 2013 high of around $1300. But for now I don't give that option the highest probability, and if it does occur it could just be the best buying opportunity since that point in time.
Either way, patience is key, and it's likely to be many months before we start a new bull market and rally back to even $10k BTC IMO
Disclaimer: not financial advice
Also makes sense as a lot of the institutional infrastructure will be coming online in the next 6-9 months, it's in the pipeline but needs time to roll out. Bakkt, fidelity, CBOE ETF etc.
Also interesting to note 200 MA on weekly and how it's been a support the last weeks. If BTC drops below that I fear that it's possible to go back to the 2013 high of around $1300. But for now I don't give that option the highest probability, and if it does occur it could just be the best buying opportunity since that point in time.
Either way, patience is key, and it's likely to be many months before we start a new bull market and rally back to even $10k BTC IMO
Disclaimer: not financial advice