Bitcoin (BTC) is currently at around $114,000 after a big dip down to a local low of $112,000. Was that the time to buy the dip, or is there more trouble ahead?
Calling a market top
It can be argued that as long as the US stock market is going up Bitcoin will continue to rise as well. The only issues along the way are that various economic shocks happen, the stock market takes a hit, and Bitcoin steps on a banana skin that gets everyone predicting that the end of the bull run is nigh.
Economic analysts as well as Bitcoin analysts come up with theses and charts that prove that on one hand we are entering what could be a depression, and on the other hand that Bitcoin is already declining into its next bear market.
The reality is of course that no one knows. Calling a market top is akin to guessing the name of the bear at the school fete. Yes, there are good analysts out there, but all they can really do is look at the probabilities and then try to make an educated guess.
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