Bitcoin (CRYPTO: BTC) remains one of the most polarizing assets in all of markets, with strong supporters and even stronger opponents.
And it continues to take investors on a wild ride
The top cryptocurrency trades 41% below its all-time high from October last year (as of May 29). While the past eight or so months have been disappointing for the bulls, the current bear market is nothing new. The past might provide clues as to what’s to come.
Here’s what Bitcoin’s history suggests will happen next. Why has Bitcoin struggled? It’s difficult for investors to figure out the variables that have dragged Bitcoin down since late last year.