As you know, every so often I do Q&A's on Instagram, TikTok, and our second channel, Coin Bureau Clips. As you can imagine, the number one question these days has been: where is the bottom exactly? How low can we go?
Certainly a huge contrast to the days when everyone was asking ‘wen moon'.
Jokes aside, I decided to dig into the data and see whether I could find an answer to these important questions, especially since I'd also like to know!
To that end, I analysed previous crypto cycles, previous stock market cycles, some mining and on-chain analytics, technical analysis, and even institutional models for BTC.
It's safe to say that what I found was surprising. Almost all of these indicators lined up at around the same range, though I must admit it was hard to tease out these numbers in some cases.
Regardless, there's enough data to give us a price zone where BTC will find its bear market bottom (and altcoins by extension).
Where exactly is that low do you ask? Well, you'll just have to watch and find out!
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Bitcoin’s Early Bear Markets: https://cointelegraph.com/news/a-dazz…
► Nasdaq Bear Market Drops: https://www.nasdaq.com/articles/when-…
► Bitcoin Total Hash Rate: https://www.blockchain.com/charts/has…
► Bitcoin Miner Net Position Change: https://studio.glassnode.com/metrics?…
► VPVR Indicator Explained: https://patternswizard.com/volume-pro…
► Jurrien Timmer Institutional Bitcoin Model: https://twitter.com/TimmerFidelity/st…
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
