On-chain data flashes Bitcoin buy signals, but the bottom could be under $20K
Cointelegraph
Published May 27, 2022 04:06PM ET
Updated May 27, 2022 05:40PM ET
Every Bitcoin investor is searching for signals that the market is approaching a bottom, but the price action of this week suggests that we're just not there yet.
Evidence of this can be found by looking at the monthly return for Bitcoin (BTC), which was hit with a rapid decline that “translated to one of the biggest drawdowns in monthly returns for the asset class in its history,” according to the most recent Blockware Solutions Market Intelligence Newsletter.
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Written By: Cointelegraph
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