Cryptocurrency watchers and investors have seen the precipitous rise and retracement of Bitcoin, Ethereum, and other digital currencies over the past two years. With Bitcoin and other cryptos trading at a massive discount, how can we expect cryptocurrencies to perform in the coming year and what catalysts should we look for?
Critics and fans alike are constantly making calls for a floor in Bitcoin and other cryptocurrencies. But finding a long-term bottom means understanding the circumstances that must take place before a new, lasting bull market can truly begin – and very few investors can actually identify these circumstances.
If you’re an investor in Bitcoin or other cryptocurrencies, the parabolic moves of 2017 might seem long ago and far away. Prices have contracted considerably since the beginning of this year, and for crypto watchers it’s hard to tell whether Bitcoin is finding a bottom or headed for more pain.