Bitcoin Historical Cycle Pattern Points To $31,500 Bottom Target – Details
Bitcoin price struggles persist as the premier cryptocurrency is yet to break above the key $70,000 resistance zone, suggesting the market remains at risk of a deeper correction. Notably, popular market analyst Yonsei_dent has shared an observation that backs these bearish investors’ expectations. Related Reading: Bitcoin ETF Investors Show Diamond Hands: Only $6. 5B In Outflows Since October 10 Bitcoin Supply In Profit Metric Shows Potential 75% Drawdown In a Quicktake post on CryptoQuant, Yonsei_dent has identified a potential price bottom of the present market cycle, considering the meltdown in recent months
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