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Battered Bitcoin Devotees Begin to Contemplate a Market Bottom

  • Need shift in risk appetite before Bitcoin moves higher: Cruz
  • But plenty of signs point to true bottom formation: Glassnode
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Battered Bitcoin Devotees Begin to Contemplate a Market Bottom
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A buzz is building in crypto-investor circles and on Twitter about Bitcoin’s stealth July rally, which has beleaguered investors starting to ponder whether the largest digital asset has found a bottom. 

Yet, given how intense the boom-and-bust cycles can be in the sector, many are also remaining cautious, unwilling to provide an all-clear sign given the mercurial nature of digital tokens -- even as they see signs emerging of Bitcoin having found a floor.