Shallow bear market suggests strong institutional bid for Bitcoin. Current area provides good long-term value versus last bull run.

So that's my kind of high timeframe thought process for Bitcoin, for crypto. That's how I'm going to be playing it. I think buying anywhere in this general area is still going to provide good long-term value relative to the last bull run. Remember, using just your fib alone, we just tagged the 61.8. If we were to go lower on some sort of crazy event, I think that's value. This is not the area to be bearish on Bitcoin. If anything, the fact that the bear market was as shallow as it was leads me to believe that there was two things happening. There's a stronger bid behind Bitcoin, most likely some sort of institutional demand for Bitcoin, which prevented it from having a very deep, aggressive bear market.