Two Options - Both Bearish on BTC. Sideways or Dump
I'm looking at this and I could see either:
A) best case blue arrows play out we range and go sidewise for a while and the 18K to 32K range is the same as 2018 6k range to 16k range. Durning this time we would see alts pump a bit in specific areas over time, but not everything all at once. The vase majority sentiment would be bearish on alts
B) Rip the bandaid off. and we see a rejection on an upper range or keltner channel and quick dump lower to the 13K to maybe even 10k range.
Only time will tell.
A) best case blue arrows play out we range and go sidewise for a while and the 18K to 32K range is the same as 2018 6k range to 16k range. Durning this time we would see alts pump a bit in specific areas over time, but not everything all at once. The vase majority sentiment would be bearish on alts
B) Rip the bandaid off. and we see a rejection on an upper range or keltner channel and quick dump lower to the 13K to maybe even 10k range.
Only time will tell.