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Bitcoin Historically Bottoms Between These MVRV Levels—Where Are They Now?
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Analyst Says Bitcoin Price Bottom Hasnt Happened Yet, Gives Timeline To Expect Reversal
Bitcoin Price Shakes Iran Fear as ETF Inflows Drive Short Squeeze Into The Vital $70K Level
Dogecoin Morning Doji Star Shows Bullish Reversal That Will Send Price To $0.8
Bitcoin Historically Bottoms Between These MVRV Levels—Where Are They Now?
Home Blockchain'The Worst Is Behind Us': Bitcoin Market Conditions Mirror FTX Bottom, Analysts Say
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'The Worst Is Behind Us': Bitcoin Market Conditions Mirror FTX Bottom, Analysts Say

by Decrypt
written by Decrypt 0 comments
'The Worst Is Behind Us': Bitcoin Market Conditions Mirror FTX Bottom, Analysts Say

In brief

  • A bottom may be forming for Bitcoin amid its monthslong rout, K33 analysts said.
  • Technical indicators have paralleled the collapse of FTX, they wrote.
  • The market’s defensive posture is “atypical,” K33’s Vetle Lunde said.

Bitcoin has come under significant pressure in recent months, but there are signs that a bottom may be forming for the digital asset despite a backdrop of geopolitical instability, according to analysts at crypto research and brokerage firm K33.

As the U.S.-Israel war on…

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