Source: International Business Times
Bitcoin was trading around $64,300, about 49% below its all-time high, after spending recent weeks in a relatively narrow range. Michael Förtsch/Unsplash Bitcoin is flashing several signals associated with the later stages of major selloffs, but historical data suggests investors may have to wait longer before a sustained recovery takes hold. Eight of 12 "capitulation" indicators tracked by asset manager VanEck are currently at levels associated with periods of heavy selling.
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