Grayscale, a leading digital asset manager, has chimed in on the ongoing debate about whether Bitcoin has reached its bottom. The company suggests that macroeconomic signals are more important than traditional cycles when evaluating the cryptocurrency's price movements. This perspective contradicts the idea that Bitcoin's price follows a predictable four-year cycle.
Source
"Grayscale Weighs in on Potential Bitcoin Bottom" — CryptoPotato
This article is Bitcoincryptos' summary and analysis of reporting originally published by CryptoPotato. Read the full original report at the link above.
Bitcoin's price action has been closely watched as it attempts to break above key resistance levels.
BTC · 7D · $63,741−2.2%