I still see a lot of people getting confused while bigger CT accounts keep posting engagement farming content about whether the bottom is in or not. In reality what matters most for Bitcoin besides the macro and political backdrop is the 200 EMA. Its importance is that the current market structure could either turn into a mid-cycle correction, followed by a prolonged re-accumulation at higher prices, or become a confirmation below the 200 EMA that triggers a multi-year bear market without revisiting the ATH for at least 4.5 years or more. If that happens all the targets you see from the bigger CT accounts 48K, 44K, 30K, and so on will become irrelevant because price would likely move much lower, and more importantly you'd have plenty of time to buy at those levels anyway. That's the whole point right now. It's not about the current price or whether the bottom is already in. It's about time and what Bitcoin does over the next several years based on what happens now.
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