Cryptocurrency
fromnews.bitcoin.com
2 hours agoBitcoin Bottom Unconfirmed as Peter Brandt Flags Bear Channel
Bitcoin has not confirmed a recognizable bottom, with resistance near a bear channel keeping downside risk active around $79,145.
The 2011 crash took Bitcoin down 93% to around $2. Four years later, the 2015 drop was 84%-but the BTC floor landed at $152, which was still 75 times higher than where the previous cycle bottomed. The 2018 crash stopped at $3,100, and 2022's selloff found support near $15,500. Speculators got wiped out every time, yet the floor kept rising as long-term holders accumulated at progressively higher prices.