A lot of people have jumped into long positions, thinking the bottom is in on BTC. I believe there is a clear bear flag developed on BTC and this recent positive price action in BTC did not violate the flag. Volume tends to be pretty flat in bear flags as well and we haven't seen a huge volume days since the flag began to form. I think there's better than a coin flip's chance that we are going to break below the previous cycle's all time high and make new lows for this cycle.
