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RE: Bitcoin (BTC) Morning Update: This Correction Too Shall Pass....!!

in #bitcoin7 years ago

So the consensus is we are going down to $8Kish.
Well at the risk of looking like a tool i'll go with, we bounce around here. Zooming out and looking at the global market cap from June last year we have had five waves up with no extended fifth, and an A,B,C, correction down to prior wave four.
BTC actually topped a month ago and since then many alts have prospered. Now we have almost universal end of the world bearishness so now everybody must sell! Only to find you've been bucked off the greatest bull market in history.