Imo; still too much volatility in the market which means 'optimism isn't dead enough yet'.
It doesn't have to repeat the exact steps of 2014's bubble, but a bubble is a bubble and bubbles share many of the same sentiment characteristics. I believe this is a relief rally that will be stopped short and then take a dive to go sideways (plays out rest of month) and then begin the "real" capitulation phase where 'Crypto is dead' is really felt (around or in September). This current relief rally I think is going to take the last of the bull's heart and faith away when it violently rejects (what Price I am not sure yet.. I am thinking $7,800ish or $8,800ish from a quick look but I can't tell that yet) and when price dumps during the real capitulation is when many will throw in the white towel and go low volatility .
This prediction is more for me and my recordings as I don't offer public advice, calls, signals, etc. anymore in crypto.
Anyways; this is a very soft prediction and nobody should take this or any figures to heart. =)
It doesn't have to repeat the exact steps of 2014's bubble, but a bubble is a bubble and bubbles share many of the same sentiment characteristics. I believe this is a relief rally that will be stopped short and then take a dive to go sideways (plays out rest of month) and then begin the "real" capitulation phase where 'Crypto is dead' is really felt (around or in September). This current relief rally I think is going to take the last of the bull's heart and faith away when it violently rejects (what Price I am not sure yet.. I am thinking $7,800ish or $8,800ish from a quick look but I can't tell that yet) and when price dumps during the real capitulation is when many will throw in the white towel and go low volatility .
This prediction is more for me and my recordings as I don't offer public advice, calls, signals, etc. anymore in crypto.
Anyways; this is a very soft prediction and nobody should take this or any figures to heart. =)