Is the bottom in for bitcoin?

The more blasé crypto analysts become about a bitcoin price in the $10,000s, the more it seems like the bottom is in. PLUS: The euro on Monday approached parity with the U.S. dollar.

Can bitcoin hold its head above $20,000?

Some analysts say that if Bitcoin can hold its head above $20,000, it may mean the lead crypto's price has finally bottomed out. It's understandable that people are eager to see an end to this period of painful prices, but it's too early to talk about recovery.

What has happened to bitcoin?

A series of sell-offs over the last year has seen bitcoin’s price drop from a record high of close to $69,000 last November, to below $20,000. The downturn follows similar price cycles, which have seen bitcoin hit all-time highs roughly every four years before suffering a massive correction.

Is bitcoin in correction mode?

The rapid ascent and subsequent crash in bitcoin’s price in recent times has left investors in a tizzy. Some claim that the market is in correction mode. Others that the bubble has burst. (See also: 5 Reasons Why Bitcoin Is Still In A Bull Market ). The Wall Street Journal last week published a report conjecturing that bitcoin had hit rock bottom.