Bitcoin is 40%+ down from its ATH, but on-chain analysts say it's ‘starting to bottom out’.
Analysts say BTC’s weakness is exacerbated by institutional investors exiting futures markets, but on-chain data hints that Bitcoin is in an early bottoming process.
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https://www.mertium.com/a/19013824/Doesn't matter to me, at least this is what we are expecting since we are indeed in a bear market. I think that we can still go down to 50% without any hesitation in the next 8 months or so.
And that is good though if we are going to bottom out this year. At least another great opportunity to buy for all of us. So we shouldn't take that data negatively, but instead used it to prepare ourselves.