With the charts are looking bearish, an analyst says there is no evidence that Bitcoin would experience another rally.
analysis may show that there is no rally for now but it does NOT show the bearish move anymore.
NOTHING about bitcoin is bearish anymore. as i said it may not be bullish either but it certainly is not bearish. if you look closer at the charts you can clearly see that. with the testing of the bottom 3 times now the trend reversal is most possible at this point which was expected as i pointed out days ago and now are seeing it happening. how strong it will be, remains to be seen though.
the worst part is that there are a lot of traders who are "wishing" for lower price. like the link you shared. they don't have any analysis so they wish for it. and it is bad because as they see their dreams crushed they will start FOMO buying and we may end up seeing another shoot up to $8000+ like last time.
the exact same thing happened. price went to $6000 then tested $5700ish and failed to stay there. these speculators like your link started talking about a bigger fall that never happened then as price started to reverse the same people FOMO bought it and it went up
to $8200 in less than 1 hour.