Did Bitcoin Just Hit Bottom ?
This major 60% correction in crypto markets could signify a tremendous buying opportunity, as bear sentiment is swooping investors and getting rid of weak hands.
It is very hazardous to pick the bottom and you shouldn't try to catch a falling knife. However, BTC price just hit a very important indicator, the 200 day moving average around 6000$ lastly and quickly rebound.
Is this a buying opportunity ? Or is this just another ''dead cat bounce'' ?
For more on BTC SMA 200 analysis, check out this video from Alessio Rastani :
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Not yet, Not until some countries regulates the exchanges.
After That it will boom again.