It seems we could be in a Wyckoff accumulation pattern right now...
Currently, we're in phase C, waiting for the spring that will break existing supports, go down into the $4-5k range, and then spring up.
During the next 2 months, the SEC will decide on 9 Bitcoin Elf's, and we should know the outcome by the 30th of September. Personally, surely, at least one will get accepted
Right now, the market sentiment seems ... In forums, I've heard of crypto whales with millions, waiting for the price to reach the $4k-5k range.
The market needs a nice solid spring into the $4-5k range, that will finally shut the bears up, and convert them into bulls.
Anyways, let's see how this turns out in the next couple of weeks...
Patience is paramount!