A Call With Long Odds Has The Price Of Bitcoin Bottomed For Now
Bitcoin has managed to return from a precipice, as crucial support levels seem to have halted the relentless onslaught of liquidation waves, aided by a broad-based rally in the wider risk asset universe. As the world’s largest cryptocurrency by market capitalization rescaled the $30,000 price level over the weekend, a veritable cacophony of headlines pronounced gleefully that Bitcoin’s price just established a new nadir and that the most painful period for crypto investors and Bitcoin enthusiasts has now been relegated to the past, at least for the foreseeable future....