Too Long; Didn't Read
Bitcoin’s price tumbled from $40,000 to $25,000 in one week. Analysts are conflicted about what this means. Some data models and traders said we should expect bitcoin's price to drop. But that conclusion doesn’t fit any of the data models, cycle concepts, or the general consensus among people in the market. The bottom is always $0, no matter how high or low bitcoin and altcoins prices go, says John Defterios.