Bitcoin and the rest of the cryptocurrency markets have been quite a turbulent ride of late. Over the past few months, cryptocurrencies and their proxies have tumbled alongside the equity markets. This hurts the "millennial gold" argument in a big way. As the magnitude of speculation decreases, Bitcoin and the broader basket of cryptos could have more room to go down. Still, for those who aren't buying the doom and gloom thesis, recent damage looks to have produced an intriguing entry point. As Bitcoin bounces back above US$30,000, a relief rally may very well be underway.
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