I don't do any sort of analysis since I think it's basically astrology for people who play with money. The markets are mainly driven by emotions and events that draw a lot of attentions have been the main factor why Bitcoin reached its prior peaks. These events haven't always been positive news (think: Silkroad) and so it doesn't matter whether you consider it positive or negative that a Twitter troll that happened to be the richest person on the planet have drawn the amount of attention that took BTC eventually to $~60K.
I believe there is still a lot of way to go, but short term exchange rates may go down. However I believe that based on the entry of Tesla (as long as they don't sell of - which is not very likely short-term) a very profound bottom has been defined that is particularly shaped by Elon Musk.
While Musk has a huge amount of fanboys and -girls he has a corresponding number of haters - and if these haters hate anything more than Musk it is the Musk-fans. Based on this sentiment we can assume that there will be a lot of attention to the entry point of Tesla (~ $33K/BTC as far as I estimate). People will be looking eagerly to entry the market to proof themselves they were more intelligent than the "sheeples" of Musk. However, since there are many that will try to make this move, there will be a long squeeze once we are getting closer to the $33K mark. So I call this bottom the Smarter than Musk-bottom.
Of course there is always a chance to lose all - but if we assume that 33K is a profound bottom, you cannot lose much more than ~30% if you enter the market at current prices. The upside, however, is much larger.
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