The final capitulation will come in (a) February-March, (b) later, or (c) not at all.
China has exhausted the bad news
Until the chinese exchanges or corporate bank accounts actually get shut down.
You might still remember (in 2011-12) how price rose from $2 to $7, backed down to $5, and we had some months of stability and no doubt some were waiting for cheap coins
It was below the trendline after a 93% decline. The previous ATH was $32 and not $7.
It is good to remember that if you take some of the fiat off-exchange, it will also reduce the systemic risk and add to your risk management even if you lose on the trade.
Do you mean fiat in a bank account, btc in cold storage, or both?
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