What's gonna get that bounce potentially to 40, going? you had lots of money being pumped out by the govt last run and growth stocks going ballistic.. I'd suggest btc has mostly followed the growth stock narrative / trend.
sure the macro environment / mood could change but imo can't see that happening soon. Little bounces sure. But trend won't change dramatically imo for a year or 2 or even longer.
Obv guesswork involved.. As market has already factored in some of the tough times ahead.. But unlike the feb2020 mini crash this won't be resolved almost instantly. so my view is that growth stocks / btc will continue this downtrend (bar a good week here n there.. IE dead cat bounces).
then there's the halving angle which suggests (if that's the cause / a big factor in the runs btc has ) that bottom is still 3-12 months away depending on which "anaylist " opinion 1 takes most notice of.
you are obv looking at it from a chart perspective.. Which is fair enough.. but I'd suggest bigger picture.. Macro conditions also should be factored in
