Bitcoin made a new high, after a very long drawn out pain market. And then it crashed. It would be about time now for it to go up if it will ever go up.
Higher highs
As opposed to lower highs
More years of pain for the bagholders seems likely. If it goes up I'll just buy and make 2/3 of the gains they'll make (if they hold and don't panic exit at breakeven or as soon as they see some profit). I will miss out on 1/3 of the move maybe. But still make half or 2/3 with less risk. In 1/5 the time. Bagholders...