This is also what a few are warning. It seems I trust these objective warnings more than those who are predicting the price with always a bullish TA. I've recently read the same warning coming from a Bitcoin supporter himself and it seems it is objective enough.
But does this mean that those who want to buy at the bottom or near the cheapest price that Bitcoin could get to could put it off for a while because the price could still go down much lower?
Even if we were to only use our common sense I think we could get to the same conclusion, the bear market is still strong and bitcoin is unable to go above the 22k level, and when it gets to 21k we immediately see actions by the bears to keep it down, and when we think about how long we will have to wait until the next halving then I think it is expected that bitcoin can still drop in price even further during the next months, which will cause a great deal of people to capitulate and sell their coins for massive losses.
