Bitcoin and by extension the entire crypto market has been treading water for well over half a year now. Everyone is frustrated and most retail participants have walked away.
Which is usually exactly the moment when fireworks start shooting off. Let’s always remember that the market (no matter which market) is uniquely optimized toward hurting a majority of participants.
Which means luring them into trades when the odds are low (i.e. major tops or sideways churn) and leaving them behind when the odds are highest (i.e. near bottoms and before acceleration points).
That said, we are inching toward a resolution out of this range bound market as we are approaching a major inflection point:
Enjoy!