Is It Time to Buy Bitcoin? Broke Over DownTrendLine

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The Cointelegraph as well as Bloomberg Pantera Capital articles mention the top hedge fund calling a bit bottom in the price of bitcoin. “For those who are new to Pantera who might think a fund manager like Pantera would always be saying ‘Today’s a great day to get long,”’ wrote Pantera’s Dan Morehead and Joey Krug. “I rarely have such strong conviction on timing. A wall of institutional money will drive the markets much higher.” Prices of all cryptocurrencies have crashed quite a significant amount - most well over 50 % and some over 80% (Cardano / ADA) - is now the time to buy? Here's my take: