Analyst on $17.6K BTC price bottom: Bitcoin 'not there yet'

Analyst on $17.6K BTC price bottom: Bitcoin 'not there yet'

Https://cb.run/BSnP Analyst on $17.6K BTC price bottom: Bitcoin 'not there yet'Bitcoin's (BTC) market behavior is not yet “synonymous” with previous bear market bottoms, one of the leading crypto analysts argues.

In a Twitter thread on Sept.

14, statistician Willy Woo, creator of data resource Woobull, offered three examples of why BTC/USD should still have further to fall.

Despite many calling a new macro price bottom during June’s trip to $17,600, not everyone is confident that Bitcoin will avoid a retest.

For Woo, there is still reason to believe that lower levels will mark the new price floor — and this could be anywhere, including below $10,000.

"Underwater" supply short of...