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Perhaps our Roach and his future lover Gembitz were slain as the bear market morphed into a new Baby Bull Market.
I am not going to go so far as to say that there is no such thing as a "baby bull market" but surely we are not in such a market yet.
The evidence seems pretty strong that we are currently in a bear market... however, subsequently, if the current bottom of $3,122 is not breached, and better yet $3,700 is NOT breached then there could be some later BTC price behavior that causes us to subsequently describe this period as the beginning of a bull market (aka baby bull)... but we are very far from such a defined state, and it remains about a 52% to 48% proposition that the bottom is NOT in.
Yes , concisely put.. it is as simple as that. If you use logic and pattern recognition, the log-scale 9 year chart shows a progression which is clear. As I have always said, a 2019/2020 low at approx $2000-$3000 is about right. Whether that low is in now, or whether there is a further drop will only be resolved with the passage of time . +/- a year or two or a thousand or two does not change the long term pattern.
Even though I believe any claim that we have resumed UP is premature (such as saying that we are in a "baby bull" market), and i also concede that we are in a bear market - meaning that the chances for down are slightly greater than the chances for up, I also do NOT believe that there is any condition precedent that a new bottom "has to" occur before BTC prices could resume up.
You, on the other hand, majormax, have just clarified that your conviction is higher than mine about a new low being necessary in this particular BTC price correction cycle. I concede that you may end up being correct, and we will see in the next year (if so, hopefully it does not take that long)....
It seems that a lot of BTC hodlers are considering that it should not take a whole year to show some signs that we are actually out of this particular bear market, and maybe that is a bit of wishful thinking? My problem is NOT the proclamations that there is a good chance that the bottom is already in, but assertions that we are in a "baby bull" market, when the issue is quite a bit away from resolution, at least how I see the matter.
So I am OK mentally if the price goes south - I can buy more. If the price goes up, I will get some profit from the rigs, so the total amount of 
