I see the capitulation bottom between $1.2k and $700 around June next year. Wall Street is late, they know it but they don't care. They saw btc taking off, then promoted the fomo, then got the average Joe rekt with futures to suppress the price and profit from it shorting it at ATH . Now they are setting up the regulations and getting things ready to step in while dropping the price with manipulation and failed ETF's approvals making us think crypto future depend on it and institutional money. They seek control. Rich people are not in a rush for moon, and will get in at the cheapest price without destroying the whole space because they have the power to do so, and they know there is potential for huge gains. That's how I see the current situation with a mix of TA and fundamentals. Let me know in the comments what are your thoughts. Thanks :)
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(meant to say high volume bars not candles :P cant't edit the chart)
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Down in the comments someone made me realize that I have skipped the OTC markets factor. Two things about this. 1st the size of the volume bars are just for infographic visual purposes and they are not in proportion of what it might show up. But even though volume bars are coming down because of this new way to purchasing and selling without having impact in the volume of the exchanges, panic sellers and the signal that the ones running the game will give to the average investor when they are done buying will draw bars with a size well above the average size of previous ones regardless OTC trading desks.That's how I picture it will play out.