The ONLY way for $ETH to have a meaningful pump this cycle is if it breaks this massive 4-year downtrend.
If it doesn't happen we might as well wait for the next cycle...
BREAKING: 🇺🇸 White House Press Secretary Leavitt says Centcom acted appropriately shooting down the Iranian drone.
Also says Trump wants to pursue diplomacy first, as always.
BREAKING: The 🇺🇸 US Government Funding Bill is now in motion.
The House of Representatives just needs to approve it to end the Government Shutdown.
The vote takes place tomorrow!
🇺🇸 US Government Shutdowns are never good for markets, especially crypto.
What tends to happen:
- Less data
- GDP reduction by 0.2 every week
Be very careful in the coming weeks.
The 🇺🇸 Bureau Of Labour Statistics will delay January's job data due to the US Government Shutdown.
US Government Shutdowns also typically reduce the GDP by 0.2% per week of it being active.
None of this is good for crypto.
Bitcoin has fallen almost -40% from its previous ATH.
Historically speaking, we have much further to go...
Previous cycle: price dumped -75% in the bear.
The one before that, about -84%.
It's extremely unlikely that the bottom is in.