Has Bitcoin Capitulated Yet?
Viewing the comments from the video that I made talking about how I thought we were in the "anger" phase of the market cycle, there seemed to be a lot of confusion around the meaning of the word "capitulation". Some people thought we had already capitulated, while many others thought that we were yet to do so.
I wanted to make a video that would refine what I meant by the word, and look at the evidence as to whether or not we can determine whether capitulation has already occurred.
Let me know what you think!
I think we will see one last capitulation
While I hope so, I still think that there will be one event to “stamp” the bottom of the cycle! The question will be when as cycles do tend to overextend.
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My personal metric for "capitulation" is when the alt-coin "universe" down-sizes by 80 %. There are still too many "vapour-ware" crypto projects still up and running for this market to have capitulated.
Looks like BTC is in hold right now.
We will probably see a small capitulation i think.
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Yes it has, but we are still in the bear market.
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I'm inclined to believe there will be yet another dip.
I'm out of the prediction business for this year, I am about 0 out of 18 on predictions recently lol. We can only hope!