Quick links: United States | Major Indices | Indices Future | Real-time Commodities | Webinars | Coronavirus | Economic Calendar
23 Feb 2022
Lark Davis on Bitcoin Price Crash: 2021 Was Worse
The Index Today
Lark Davis said that the market dip today is better than in 2021. Bitcoin saw more candlesticks below the 200-day SMA than this year so far. The price movement this year is similar to the mid-2021 chart.
Amid multiple sources of FUD in the crypto market, price analyst and investor Lark Davis said that the situation today is relatively better than in 2021.
Lark Davis tweeted: #bitcoin currently 56 days under the 200 day MA with a top to bottom of 51% at peak sell off, in 2021 we spent 82 days under with a 55% top to bottom.Just some perspective for you. The 2021 crash was worse, and we survived.