Bitcoin Price
The past 24 hours have not been good ones for bitcoin. There has been a pretty violent shattering of the $8,000 mark. I'm not sure where we go from here but I think sentiments have been pretty damaged. There were many people who have weathered the storm that were thinking this was the time their investment and strong hands were finally going to pay off. I do believe another bull run with any real momentum is going to come only after those who are tempted to take profit or are influenced to sell by price drops are out of the arena.
After most people truly are in desperation and are willing to sell off their crypto assets, that's when the big bull run happens. Everyone who is in the space has to be convinced to only sell at a much higher price point. They have to be willing to go down with the ship. I think each time a depressing event like this happens, we get closer to that state.
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