DorkChicken pointed out that the 2022 bear market crash occurred after Bitcoin fell below $30,000, leaving very little historical support below. The analyst noted that at the time, because the structure below that level was “nothing but open air,” it exposed the market to a much deeper selloff.
DorkChicken noted that this difference in structure means that the present bull market is built on a stronger foundation than the one seen before the 2022 market crash. Because of this, he suggests that Bitcoin may not follow the same devastating bear market correction as it did in the last cycle.
Analyst Asserts BTC Bears Are Done
