This is a macro perspective on the overall crypto market. Total Market Cap formed a weekly pennant. The long term bull trend line is green and the bear trend is blue. If we break down below the green trend line the bears have won for a while and we continue bleeding value. If it breaks above the blue bear trend a new bull market has begun.
Bitcoin has gone through several bear attacks recently trying to shot Corn down. Bear fighters from the CFTC, CBO and JP Morgan have all tried to destroy BTC. But the lightning network will come and lift BTC to a new ATH making our moon dreams come true.