Bitwise Says Crypto Has Likely Bottomed, Echoing Q1 2023 Setup

Bitwise Asset Management is arguing that crypto’s

Bitwise Says Crypto Has Likely Bottomed, Echoing Q1 2023 Setup

Bitwise Says Crypto Has Likely Bottomed, Echoing Q1 2023 Setup

Bitwise Asset Management is arguing that crypto’s current drawdown has the fingerprints of a cyclical low: weak prices alongside strengthening on-chain and business fundamentals, a pattern the firm says last appeared in Q1 2023 before a multi-year rally.

Total crypto market cap chart, 1-week chart | Source: TOTAL on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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