I have given a similar chart at ETH in the past. This is modified. Wave (c) should be much longer than I drew earlier. If we also look at the monthly chart, we will see a huge bearish divergence on RSI. On the chart we see that the potential bottom is somewhere at the bottom of the (II) wave. There is now a huge amount of Retail in the market that is profitable. That makes me think about such a scenario. Bitcoin has not yet experienced a financial crisis if it comes and stock markets fall into a deep correction, I believe this scenario will come true.
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