On the fence: If this is a crypto bear market, how long can it last? By Cointelegraph – Investing.com
- Date: 18-Jul-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
On the fence: If this is a crypto bear market, how long can it last? By Cointelegraph – Investing.com
It has now been three months since Bitcoin’s price peaked at an all-time high just shy of $65,000. For most of the last two months, (BTC) has been trading in the $30,000–$40,000 range, as much as 54% lower than its peak
The downturn came at a time when many analysts were predicting exactly the opposite — a bull cycle set to run to new record highs within months — with some even speculating that a six-figure BTC price would materialize this year.
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