This is a follow up to a post on the current Bitcoin crash. Although Bitcoin appears to have "bottomed" there historical precedent available that may lead to a clue hinting that the bottom is not in.
The previous Bitcoin bubble ended in a period of 3 phased correction before it entered a time of accumulation. Although some argue that today is different and Bitcoin has more buyers and the institutional players are here finally, those statements do not necessarily eliminate the possibility that Bitcoin may need an additional accumulation phase prior to making a push to new highs.
The previous Bitcoin bubble ended in a period of 3 phased correction before it entered a time of accumulation. Although some argue that today is different and Bitcoin has more buyers and the institutional players are here finally, those statements do not necessarily eliminate the possibility that Bitcoin may need an additional accumulation phase prior to making a push to new highs.