The post Bitcoin Price Could Stay in Bear Market Until September or October, Says Grayscale appeared first on Coinpedia Fintech News
Bitcoin price could remain in a bear market until September or October if the traditional four-year cycle continues, according to Grayscale. The firm said previous Bitcoin bear markets typically bottomed about one year after the cycle peak, with average drawdowns of around 80%. However, Grayscale believes Bitcoin price is now influenced more by macroeconomic conditions …