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Has Bitcoin Bottomed? Not According to History

Has Bitcoin Bottomed? Not According to History thumbnail

Reading Time: 2 minutes

  • Bitcoin may be down, but history says there could be worse to come
  • Price has been flatlining in the $19,000 region, leading many to say the bottom is in
  • However, we are still some 15% away from the typical final bear market bill

Bitcoin has taken one of its usual dives following a bull market, so far losing 74% of its value from the top in November 2021. Many believe that the wick down to $17,600 following the Terra and Three Arrows Capital debacle acted as the final capitulation, and that we are currently in an accumulation phase. However, how does this assumption fit with history? And if

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