As per my last analysis i called the bottom atleast a temproary one between 4200-4400, the RSI
looks to have bottomed out which is mirrored by the ADX
lines. One must remember that when prices are not at equilibrium so arent the indicators, which means that a mean reversion is in the offing. The RSI
indicators bottoming out may suggest that we may see a corrective rally to 5-5.5k. However, we may still be a bear market if bounces to 5-5.5k is sold into, however I want to believe most of the pain for the bulls may be over. Tom Lees prediction of 15k is virtually impossible as we are looking for prices to triple in 2 months alongside Bakkt getting delayed. So one must not be overly optimistic of a huge christmas/new year rally. However corrective bounces are on the cards.