979: BITCOIN FLASHING MULTIPLE BOTTOM SIGNALS AFTER MASSIVE CRYPTO SYSTEMIC SHOCK, SAYS ARK INVEST!!

Bitcoin is flashing multiple bottom symbols, according to Yassine Elmandjra, an analyst at ARK Investment Management.

Elmandjra notes the king crypto (BTC) is trading below its 200-week moving average (MA) short and long-term cost bases.

It’s only the fourth time that’s happened in Bitcoin’s price history, according to the analyst.

“As stakeholders with the most skin in the game, miner capitulation is a key bottom marker. The Puell Multiple, a measurement that compares daily miner revenue to its yearly average, is at a 3-year low.”

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