BTC has traded sideways all day after a dip last night. In 30 minutes BTC price dropped by a 1000 USD. If we consider the time frame from the bottom at 15k wer still doing higher lows and highs.
I cant say I am too concerned at this point even if we do eventually go under 20k.
I honestly think there is a consensus that the bottom has been established and wer in the start of the accumulation phase. How long this will last its hard to tell but the bullish lot are calling for 30k till summer and a selloff there.
My guess is that we will see 1 more attempt at a selloff before that, that will fail, confirming that the bear market is over.
The market cycles so far have been very easy to anticipate that I wouldnt be surprised if the next bull market starts much earlier with a less explosive blow off top.
Id say that the presence of crypto in the minds of the public has matured to a point where its no more an absolute unknown reserved only for the most tech-savy.
When youre told for a decade that something is dangerous, complex, "enter at your own peril" you kind of get it eventually even if you know nothing about crypto besides that.
You can make a lot of money but exercise extreme caution.
People that get burned on a cup of coffee will get mad at the shop for not writing "Caution: Hot" on the cup.
When youve been told for a decade that crypto is "Caution: Hot" the responsibility is on you to watch yourself.
Its no longer a novelty and youve been cautioned plenty.