I believe that asset prices tell a story about where we, as a singular group of all traders and investors, are in the greater scheme of Bitcoin's development. The bigger players have larger sways on the price, and the price is what impacts our next decisions on whether to buy or to sell.
And so I take a look at this formation:
Large shifts in Bitcoin's price are actually making it really hard for the markets to really lead the way. These are $100 rises and drops that in as little as 3 minutes, and while this has been happening throughout this year for Bitcoin, something seems really off as it seems like we're still in a bearish correction, however the price spikes are sending it further up.
Notice how shaky it gets during this drive up -- which happened today and yesterday. In order to get that move started, we needed several jolts up and while the markets looked like they were under pressure to fall. The resistance line was broken and there was a pop up to 8500, and even that pop up seemed hesistant.
Remember, unnatural waves seem to suggest an element of control here, and we have a long way to retrace before a proper bull market can take over, so I ask the question: