Maybe they're waiting for ETF rejection so that they can have an excuse to dump it. In that case we will need to wait until 1st of October. Short term I'm expecting we will go up to 6600 or 6800.
This bear market is far from over. BTC needs to hit at least 4300, this is where the buyers are waiting and it's showing the strongest support. RSI on the weekly chart says 43, it needs to drop to 35, potentially 30 (in case we crash to 2800). Another thing worth to mention is that the last bull market lasted from October 2015 to December 2017. So 2 years and 2 months. Bear market should last half of this period so we have at least 5-6 months left before we can start thinking about Lambos.
This bear market is far from over. BTC needs to hit at least 4300, this is where the buyers are waiting and it's showing the strongest support. RSI on the weekly chart says 43, it needs to drop to 35, potentially 30 (in case we crash to 2800). Another thing worth to mention is that the last bull market lasted from October 2015 to December 2017. So 2 years and 2 months. Bear market should last half of this period so we have at least 5-6 months left before we can start thinking about Lambos.