First off, please don't take anything I say seriously or as financial advice. I may or may not have a conflict of interest making this. As always, this is on an opinion based basis. That being said, here are my insights. Many traditional analyst are bearish against Bitcoin. They are failing to see the vision of billionaires like the Winklevoss twins or Chamath Palihapitiya. They are also some of the same analyst who called Bitcoin out when it was $1k, $2k, $5k, etc. Bitcoin as volatile as it is, have been high growth when you look at the big picture. Many of the people angry been late to the game. That being said, correlation-wise it is about to hit $9k, looks like it is about to retrace to the $10k price and potentially be on some positive correlations during the next upcoming few weeks. Wave after wave, it is a back and forth pattern as with most asset classes.
