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International Business Times
International Business Times
Business

Bitcoin Is Flashing 8 Capitulation Signals. VanEck Says The Bottom May Not Be In Yet.

Bitcoin VanEck United States
Bitcoin was trading around $64,300, about 49% below its all-time high, after spending recent weeks in a relatively narrow range. (Credit: Michael Förtsch/Unsplash)

Bitcoin is flashing several signals associated with the later stages of major selloffs, but historical data suggests investors may have to wait longer before a sustained recovery takes hold.

Eight of 12 "capitulation" indicators tracked by asset manager VanEck are currently at levels associated with periods of heavy selling. All 12 indicators have entered those ranges at some point during the past three months.

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