As of yesterday, the Bitcoin miner capitulation was over.
It was the second longest on record (3 months), suggesting the worst is over for price. However, let's see how much hashrate, if any, goes offline from the Middle East attacks. Now trying to work out what "new news" could take Bitcoin lower from here (Black Monday meh). Bitcoin tends to make its low within the first 10 days of a month; it did so again (February 6). The first ten days should be choppy, but based on probability, March should be green. Bitcoin eventually bottoms when price doesn't go down on bad news. Just like when it doesn't go up on good news
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As of yesterday, the Bitcoin miner capitulation was over.
It was the second longest on record (3 months), suggesting the worst is over for price.
However, let's see how much hashrate, if any, goes offline from the Middle East attacks.
Now trying to work out what "new news" could take Bitcoin lower from here (Black Monday meh).
Bitcoin tends to make its low within the first 10 days of a month; it did so again (February 6).
The first ten days should be choppy, but based on probability, March should be green.
Bitcoin eventually bottoms when price doesn't go down on bad news. Just like when it doesn't go up on good news