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RE: Sentiment is now fully reset

in #bitcoin2 days ago

It's concerning for sure.

https://colintalkscrypto.com/cbbi/

My main concern is that even when we hit 69K last cycle it was like an 82 on the CBBI and we have hit 83 on 3 occasions this cycle. Last time we hit that early parabolic accent but later in the year we never popped off.

It legit might not recover. People are out of money.

I still think we have one more shot at a day in the sun but it isn't looking great.