The interesting thing about Bitcoin is:

The biggest surges often begin right after the market has caused most people to give up.
The area circled on the chart is where the panic peaked:
• Bad news was everywhere
• Sentiment was extremely pessimistic
• The majority believed the market had "broken"
But instead of continuing to collapse, BTC began to form higher lows and entered a new uptrend.
That's how the market has operated over the past some years I've observed:
Tops are formed during euphoria. Troughs are formed during exhaustion.
Currently, the price structure still shows that buyers are in control of the trend.
#btc #bitcoin