Think you know when a market is hitting rock bottom? Samson Mow just dropped a bombshell: he believes the bitcoin bottom is in, despite what other analysts are saying.
Bitcoin, like any other asset, is influenced by a four-year halving cycle. This cycle is essentially a scheduled reduction in new supply, which historically leads to price increases. However,
#BitcoinHalvingCycle #CryptocurrencyMarket. As Mow points out, this traditional cycle has changed, and he's convinced it's a sign that we've reached the bottom.
Let's break it down: imagine a big wave that always crashes on the same shore four years apart. Last time, the wave was big, then smaller. It's about 1-year late now. #BitcoinPriceMovement. If Mow is right, we could be looking at a major reversal in the making.
So, what do you think? Do you believe the bitcoin bottom is indeed in, or do you think we're not out of the woods yet?