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There are still too many people here hoping for a reversal just any minute.

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by COINS NEWS 167 Views

Right now BTC is at 19k below its previous cycle ATH from 2018. That happened for the first time ever. Also bitcoin has fallen below some crucial TA marks such as the 200 weekly average, which is only been broken a bit in the past but just for the capitulation event. With so many indicators in the red shouldn't this be the bottom?

This simply is not the bottom because there is just no buying pressure available, barely anyone is buying right now. And in the same time people are calling for a reversal nearly every minute and any time BTC even moves up like 1%.

There are simply too many people right now who are still staying bullish. A real bear msrjez capitulation has everyone is shambles and in fear. There are definitely people in fear too but also a bunch of people who were calling the bottom every time from 30k to now 19k.

We will likely go deeper, obviously no one knows shit about fuck but the probabilities are stacked for a further move down. So get ready and not get scared if you see BTC at 10k or so in a few weeks.

At the end the sun will shine on us again, it always does.

submitted by /u/partymsl
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