Where do you believe the cryptocurrency market stands in the current cycle?
Replied byBill Barhydt
Founder & CEO at Abra
Niche: Cryptocurrency
Revenue: Approx. 3 Million USD/month
Location: Mountain View, California, United States
Started: 2014
We are chopping around what I believe is a price bottom. The market is in a sideways channel, which could persist until late in the third quarter or early fourth quarter. While this draw down feels significant, Bitcoin's volatility has actually compressed compared to the dramatic drops of previous cycles.
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