LSI

Bitcoin (BTC) has declined by more than 55% six months after it reached its record high of $69,000 in November 2021. The massive drop has left investors in a predicament about whether they should buy Bitcoin when it is cheaper, around $30,000, or wait for another market selloff. The more you look at prior $BTC price history the more one can think it’s not the bottom After 190 days from the all-time high, Bitcoin still had another 150 to 200 days until it hit bottom last couple of cycles (red box) If time is any indicator, could be another 6 to 8 months pic.twitter.com/C1YHnfOzxC — Rager (@Rager) May 20, 2022 This is primarily because interest rates are lower despite Federal Reserve’s recent 0.5% rate hike. Meanwhile, cash holdings among the global fund managers have surged ...

Bitcoin (BTC) has declined by more than 55% six months after it reached its record high of $69,000 in November 2021. The massive drop has left investors in a predicament about whether they should buy Bitcoin when it is cheaper, around $30,000, or wait for another market selloff. The more you look at prior $BTC price history the more one can think it’s not the bottom After 190 days from the all-time high, Bitcoin still had another 150 to 200 days until it hit bottom last couple of cycles (red box) If time is any indicator, could be another 6 to 8 months pic.twitter.com/C1YHnfOzxC — Rager (@Rager) May 20, 2022 This is primarily because interest rates are lower despite Federal Reserve’s recent 0.5% rate hike. Meanwhile, cash holdings among the global fund managers have surged ...