I fully understand how this call for a bounce could irk many bears. The trend is clearly lower, the outlook for crypto is murky, and there are genuine concerns that we could be headed towards World War III. While all of this may be true, bitcoin has so far held above $60k despite the negativity. If a bearish market cannot break support amid bad news, it becomes vulnerable to a bounce should sentiment improve. In fact, we may not even need good news — merely a scaling back of the bad news for a bounce to unfold. Furthermore, bitcoin has just suffered a five-month decline — its most bearish run since 2018. While this ... (full story)