Analysis of the current Bitcoin index resembles conditions before the 2018 recession 📉

Bitcoin (BTC) is facing prolonged selling pressure. Market analysts are debating whether the current price is the bottom or if it will drop further.

This asset has decreased by 31% from its all-time high. Technical indicators show that Bitcoin is experiencing the longest "extreme fear" streak in history.

Market dynamics: Market analysis 📊

PlanB, the creator of the Stock-to-Flow model, stated that the current market momentum is a balance between sellers and buyers.