Crypto Price Action Sports Uncanny Resemblance to Bitcoin Bear Market…

News BTC | Dec 9, 2019 at 5:00 PM
  • After an early 2019 parabolic rally, Bitcoin has spent the last few months locked within a vicious downtrend that’s seen nearly 50% of the crypto asset’s value eliminated.
  • In fact, the current price action across crypto markets very closely resembles the price action at Bitcoin’s bear market bottom.
  • The resemblance is “uncanny” and makes “sense” that the first major correction after Bitcoin’s first major move up would result in an accumulation period that resembled the initial phase.