taxfreelt Posted April 12, 2022 Report Share Posted April 12, 2022 "A corrective pattern is countertrend to the larger trend in force" Every time an obituary is written for Bitcoin, the granddaddy of cryptocurrencies manages to resurrect. As a Jan. 25 CNBC headline noted: Investors fear 'crypto winter' is coming as bitcoin falls 50% from record highs The day before that headline published, Bitcoin had briefly dipped below $33,000, far below its November high of nearly $69,000. At that time, the entire crypto market had shed roughly $1 trillion in value since that all-time high in Bitcoin. Also around that time, Russia's central bank had proposed banning the use of cryptocurrencies. Read futher Quote Link to comment Share on other sites More sharing options...
samesheet Posted September 27, 2023 Report Share Posted September 27, 2023 There are lots of long-term crypto holders and current events related to exchange blow outs etc, in their view doesn't erode it's intrinsic value as core principles remain uncorrupted. That's I think is the reason why bearish trends in key crypto assets are transitory. Quote Link to comment Share on other sites More sharing options...
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