Hafez Financial Services

logo-hafez04@2x

Bitcoin sees second-longest bull market drawdown with BTC price ‘stuck’ at $30K

Uncategorized

Bitcoin bull markets frequently see corrections from all-time.

It’s now three months since the last Bitcoin (BTC) all-time high, but one measure suggests that holders may be waiting even longer for the next.

In a series of tweets on July 17, analytics service Ecoinometrics revealed that this year’s descent from all-time highs is the second-longest in Bitcoin bull market history.

It’s been 95 days since BTC/USD hit $64,500 and a major correction phase began. Investors are impatient, but despite strong fundamentals, Bitcoin spot price action seems in no hurry to leave $30,000 behind.

Leave a Reply