We've got the institutions on board now. We'd better watch out. We're in the same tank with sharks.
What this means is ruthless manipulation by them.
That Bitcoin price pattern looks like a textbook Wyckoff distribution pattern.
Some chartists have been predicting $30,000 or so next. That's entirely possible. Alts may run for a bit longer as capital rotates from BTC to alts.
I'm guessing that pattern may lead to a deeper correction and a new accumulation phase.
I would be surprised if the bull market ended here because Bitcoin's price action has been driven by its stock-to-flow ratio, based on which the price should go to the low six figures this year.
But we're dealing with professional investors here who are experts at separating retail investors from their money.
Check the below video out. It was posted almost four weeks ago but it has been uncannily accurate so far:
