9 Red Candles Before The Bottom: Why Bitcoin Price Will Continue To Crash
Bitcoin’s hold above $80,000 has increased the possibility of the worst of the current correction being over. However, one crypto analyst is warning that the monthly chart may still be telling a different story, with Bitcoin’s past bear-market structures pointing to more downside before a price bottom. The analysis, shared on X, is based on […]
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The 2022 Bitcoin crash has been one for the history books, where the price went from $69,000 to $16,000 before hitting a bottom. Being the most recent bear market before the current cycle, there have been a lot of comparisons between the current trend and the previous one. So far, while the Bitcoin price has tried to hold up against the bears, there have been similarities to the 2022 bear market cycle that could suggest a repeat of such a crash. The Similarities That Say Bitcoin Price Might Crash Further A pseudonymous crypto analyst who goes by the name Sherlock on X pointed out multiple....
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