RE: For those stating the current Bitcoin bear market is similar to 2014's, you are right! Sort of.

[cryptolaidlaw]

On a technical level, I agree with both your points: the correction is on the same scale as 2014 (cycle level) and that it will in all likelihood complete much quicker.

I think there is a good chance that the RSI on the weekly chart will touch the 30 level before a trend reversal (if you're interested, more details are available here).

Comments

[jrcornel]

I could see that as well. Thanks for the input.