Lulls in the BTC
environment lead to one of two things: a breakout or a crash. It's hard to determine which. We are likely headed short term into a low-volatility channel as the market decides what's next. As you can see, the harmonics are calming down. Rumor and public sentiment will play a role, but largely it will be about who is tempted to move on the lull -- literally, who will jump in. Scaredy cats will sell, and those who want a piece of BTC
will see it as a bargain before a run up.
How does the public see an upcoming buying opportunity? Like they would prefer to see a much bigger discount. Already people have accepted the massive devaluation/crash that just happened, and are probably saying, 'keep crashing, I am not jumping in.'
Therefore, expect a lull to generate a pull back... wouldn't you think?