Bitcoin Structure Mirrors 2022 Bottom – But There’s a Big Catch

Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto Bits On-chain data and technical analysis provided by popular analyst Ali Martinez show that bitcoin’s current price structure is mimicking the 2022 bottoming cycle, which is both good and bad for the asset. The negative part also comes from the behavior of whales, who have been sending BTC to exchanges en masse lately. The 2022 bear market was quite brutal, propelled mostly by the adverse developments within the cryptocurrency industry, including the collapses of Terra and FTX and the subsequent fallout for many linked entities. BTC plunged from the then-all-time high of almost $70,000 to under $16,000 in a year.

Source: https://cryptopotato.com/bitcoin-structure-mirrors-2022-bottom-but-theres-a-big-catch/