Too Obvious? Current Bitcoin Price Action Resembles $3,200 Bottom

The past few months haven’t been kind to Bitcoin bulls. Since peaking in June, the cryptocurrency’s price has fallen from $14,000 to the $7,700 low set last week.
While the macro backdrop is evidently different, as are the fundamentals of the cryptocurrency market, many analysts have argued that the recent collapse in the Bitcoin price was a microcosm or fractal of 2018’s bear market.
Their assertion may actually have bullish implications for Bitcoin.
Related Reading: Crypto Ma