"What do you think? We will see a bull run soon or are we fighting with the bears for weeks to come?"
I think weeks at least, probably months at least, but longterm nothing fundamental has changed.
Bitcoin/crypto just kind of does this, where whenever it spikes it gradually comes back to earth before stabilizing and running again.
The mainstream press and haters and stuff will of course start to talk about the "crash" of bitcoin, but there's really no reason it shouldn't fall some after spiking so much.. and like you say it can only get so low before institutional money and others start to think it's cheap and need to get in.
All the FUD news that comes out. Then they change the headlines to " Shit I mean regulate not BAN"
That is one huge issue in the space now. I mean if they release just plan fake news about this market it will take even longer.
Ya, for sure. I don't think they can do too much to stop it longterm, but with the right timing they can probably exacerbate the downtime and make it last longer and whatnot.
If I was plotting against Bitcoin I'd wait until it hit its natural correction period to roll out the hit pieces.