We had a hint of fear as we went through $88 and $79 like a stone in the water, now with this smallish bounce it seems that it faded away, but it didn't - its still well rooted in the market subconscious, as soon as this bounce reverses towards new lows there will be more fear, but I guess we won't see REAL fear until sub $50, and true panic approaching the $30s.
Spot on, I'd add Capitulation at $20 and despondency at $10 if we go that low which I think can occur only if BTC starts to rapidly fall behind LTC (or some other alt) in adoption/use/hype etc. The block reward halving just about guarantees we come out of all this with a higher price then when it started.
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