If you ask me solely on BTC, I don't actually think that it's worrying. It's having negative correlation with the gold as of now but it's a matter of time that BTC will catch the move on gold and the money supply chart.

As of now what's more worrying for me is the altcoins market. This is the total3/BTC which is showing us the price of the altcoins relative to $BTC .

Like what I always anticipated in the past, there is not likely to be the altcoins season this cycle or this year. The declining of this chart is showing us just how bearish the altcoins market is.

For now, this chart is showing us a new low relative to $BTC and there is still some room to the downside from this perspective.

Invest wisely, no point of collecting altcoins in this current market condition. Heavy bet on $BTC