Does that mean more freefall soon?
Nope, just a few minor rebounds and a long slow slide.
I'm not sure, a large collapse isn't impossible. In fact it would be better for bitcoin to have a quick large collapse hopefully leading to a faster recovery rather than wasting a year in a long bear.
But I'd agree it will likely be a prolonged bear market.
I don't foresee a prolonged bear market. I guess there are quite a few earlier adopters with well above +5.000BTC each that will immediately cash out a significant part of their stash as soon as a continued downtrend pattern looks likely. Just to secure some profit because hey, everybody can enjoy a few hundred thousands dollars.
This means quick decline. We need that. We need cheap coins and a sustainable growth rate
Definitely agree on the fast collapse being best, current growth rates are crazy.
