Bitcoin is as oversold as 2/5 when it dumped to $59K. I expect a bounce followed by a retest. But if we make a higher low than that might be it (for now). My base case is this bear will be shorter and shallower because of the marginal buyer being institutional.
@GaryCardone Opposition means they see the threat. Capital controls is a good argument but the fees and speed are the issue. Capital controls could easily be included.