Crypto Market Hasn’t Bottomed Yet, Analyst Says – More Pain Ahead?

Crypto Market Hasn’t Bottomed Yet, Analyst Says – More Pain Ahead?


Notable crypto market analyst Willy Woo has just issued an appraisal on Bitcoin’s performance in the coming months or maybe year.

His analysis shows that the coin has not bottomed out yet.

On Twitter, he said:

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“In terms of max pain, the market has not felt the same pain as prior bottoms. We can see this in the blue line (supply in profit by @glassnode). We have only reached 52% of coins being underwater so far. Prior bottoms were 61%, 64%, 57%,” Woo said on his recent tweet detailing his analysis.”

Crypto Market And Its Correlation With Stocks

Bitcoin is highly associated with the S&P 500 Index which fell after the US Federal Reserve’s CPI announcement earlier this week. The announcement highlighted the highest annual

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