Bad News For Bitcoin: Historical Lows Show The Bottom Actually Lies Below $30,000

Despite growing optimism that Bitcoin has reached a cycle low, historical cycles suggest another leg down could still be ahead. While rising institutional involvement may reduce the severity of the downturn, a chart shared by a top crypto analyst suggests the cryptocurrency could still be headed for a bottom below $30,000 before a sustained recovery begins. 
Bitcoin Cycle Pattern Points To Possible Deeper Low
The analyst explains that Bitcoin has followed a repeating pattern across major ma