I believe this will play out if bitcoin continues on the decline. I also believe once we enter the green box we will skyrocket out to about 7-8 or even 10.
Please note the arrows are based off levels and not exact dates.
We are in a bear market with Bitcoin now we wont see ATH's this cycle. However we will see Bitcoin upt around 55k again with massive influx into ALTS as inflation narrative pushes money into crypto. Where else other than gold and tech stocks is money going to go? Also other macro and micro factors at play.
@credexconsulting, Far from reality, my boy. 4th wave corrections are usually prolonged, forcing people out of their positions and becoming bars. Typical market behaviour.