@a511963488, I mean from here most likely only down... or another spike and then down! Invalidation with weekly close above 16k: minimal technical condition for an eventual "bull" market!
LotusTrading20
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do not be fooled by "bitcoiners" claiming this is a bull market - it is simply not one, and doesn't have anything looking like one either. I may be wrong if weekly closes above 16k (and yet, even if that happens, the "bull" is not guranteed). Bitoiners promote the illusion of "institutional" money buying into it - but even Thomas Lee already acknowleadged to me this is not the case on Twitter - so the public is not completely deceived because a top Bitcoiner has recognised things for what they are : there are no "instituions" buying Bitcoin. Also claims by him and other Bitcoiners (probably in good faith - please note I do not take every Bitcoiner to be a total scammer: some minority among are moved out of genuine belief in "digital gold" - the great majority a bunch of morrons anyway!), that media hype after 10k will bring the utlimate FOMO and true bull market are evidently failing to materialise - first media didn't care much about BTC going above 10k, second the public is still burned from the 20k rally, so they also not caring about BTC's suposedly "bull run". The truth is bitcoin has not much left going for it - this rally was mostly millenials buying between 8 and 12k and most already getting burned , hence the big dumps seen recently. If FakeBook's coin does bring some "unbanked" thirld world people to this crypto-scam world AND IF they get interested in BTC then a bull may happen, but the likelihoods are scarce for that to happen: first unbanked are mostly poor, so if scamerBerg manages to reach to them they'll most likely stick to his "safe" coin and not feed the most traditional cryptoPonzi. So basically in this case both technicals, fundamentals and cycles align and Btc is going from 14k to 6 and then to two-digits some time in the medium term future...
The only chance agnaist this is if monetary debasement really picks in and the S&P goes above 5k, bonds get trashed, silver burst througth 50 like butter, oil back above 150... and all in all there's so much money all over the world BTC can continue grinding up - needless to say, I do not thing that is near to happen, but I try to keep and "open mind", as they say!