Bitcoin is showing several capitulation signals associated with previous bear market bottoms, but historical data suggests investors may need patience before expecting a meaningful recovery. Eight of the 12 capitulation indicators monitored by VanEck are currently in extreme territory, according to the asset managers mid-August Bitcoin ChainCheck. All 12 signals have entered those zones at some point during the past three months. The indicators track conditions typically associated with heavy selling, including Bitcoins drawdown from its all-time high, miner profitability and the percentage… Read more
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