Is it true that we are at the bottom of the bear market đ
I think yes, because the way sentiments are forming right now, no one seems interested in crypto. Everyone is frustrated, and historically whenever this happens, the market makes a strong comeback.
According to the rainbow chart as well, the final bottom could be somewhere between $58K to $55K, and from there a new cycle can start.
Also, in the last few days coins like $LIGHT $BICO $ESP have pumped a lot. Whenever small caps start pumping like this, it often signals the early stage of a bull phase, and then slowly money rotates into big caps.
Thatâs why I think we might see one last shakeout towards $55K.
I think yes, because the way sentiments are forming right now, no one seems interested in crypto. Everyone is frustrated, and historically whenever this happens, the market makes a strong comeback.
According to the rainbow chart as well, the final bottom could be somewhere between $58K to $55K, and from there a new cycle can start.
Also, in the last few days coins like $LIGHT $BICO $ESP have pumped a lot. Whenever small caps start pumping like this, it often signals the early stage of a bull phase, and then slowly money rotates into big caps.
Thatâs why I think we might see one last shakeout towards $55K.