'Bitcoin Is Dead' Predictions Grow, But A 2022 Bottom Signal Has Also Returned

Article summary

Ryan Rasmussen says the resurgence of “Bitcoin is dead” calls as Bitcoin falls below $60,000 resembles the capitulation seen near the 2022 market bottom. Despite weak sentiment and ETF outflows, Rasmussen argues that long-term holders continue accumulating, viewing the current downturn as a potential bottoming phase.