Bitcoin is ded, and that is probably a buy signal

Bitcoin is always a buy signal if the price is likely to make new all time highs again, right?!

Well, the lower it gets the stronger that buy signal becomes.

We have seen bitcoin die numerous times only to come back and make new highs every single time.

Check it out:

(Source:

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While this may not be the exact bottom and the lows may not be in yet, they are probably in the ball park at this point.

This issue with SBF and FTX came out of left field and without it, I am confident bitcoin would be trading above $22k currently with the lower CPI print yesterday that sent stocks soaring.

Either way, the big money is made buying something that will eventually recover when no one wants it...