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Add as a preferred source on GoogleSean Hagan Sees Case for Bitcoin Time-Based Capitulation by Month's End
Hagan’s view centers on the duration of the downturn; an earlier analysis made the June low’s relative severity conditional on BTC staying above a true market mean near $77,000.
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Analyst Sean Hagan said Bitcoin (BTC) could have spent enough time in its downturn for time-based capitulation by the end of November.
“As we enter the end of this month, there's also a strong argument that we have served our time in terms of time-based capitulation,” Hagan said.
An earlier market analysis treated Bitcoin’s June trough as potentially less severe than prior bear-market lows going back to 2017, but only if BTC stayed above a true market mean near $77,000.