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Is Bitcoin Bottom In Yet? Are We Still Going Down to $12K?
#bitcoin #btc #btcnews #crypto
Based on the 2017 bull market peak high, we are still above the bottom for the current bear market.
In 2017, Bitcoin peaked at $17k and then dropped down to $3.5k, that's around 600% drop from the top.
Back in November 2021, Bitcoin peaked at around $70k. A 600% drop would mean we should see the bottom of this bear market around $12k where we have plenty of support.
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10 Reasons Why Bitcoin is Superior Monetary Asset to Gold - BTC is Not Gold - It is Bigger than Gold
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Disclaimer:
Nothing mentioned in this video is financial or tax advice and should not be taken as such. It's all for educational and information purposes only!
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