We are def do for a bounce no matter what happens. Looks extremely oversold if you ask me just checking several technical measures.
One thing that I see as extremely bullish for a possible market turn is majority think Crypto markets will keep going lower. When this happens selling is already what Analyst call priced in. The market may be out sellers soon.
Either way I think by EOY there will be a bull run recovering most of the loses since January.
Remember at height of bull market in December and January majority was super bullish. If you polled them most Crypto Investors would have said at least $40K BTC by now.
I have seen the markets turn into extremely bullish trend just as things looked their darkest. This both in Crypto Markets and Stock Markets.
This is a great time to be a buyer. Buyer's market. Be Greedy when Others fearful.
Wow! When I wrote this Bitcoin was at $6100 now at $6550. It's very possible this was a triple bottom.