Elena Nikulina

James Van Straten: Bitcoin’s bear market offered four months of value between $60k and $70k

James Van Straten: Bitcoin’s bear market offered four months of value between $60k and $70k
Bitcoin offered four months of value

James Van Straten reflects on the recent bear market’s impact for dollar-cost averaging (DCA) investors in Bitcoin.

He observes that Bitcoin traded in what he describes as deep value ranges between $60,000 and $70,000 during February, March, June, and July, amounting to four months of value opportunities. However, he suggests these periods were limited compared to previous cycles, indicating that current market conditions are different from earlier days.

Van Straten recently observed that Bitcoin remained above its 50-week moving average, a contrast to its performance during the 2022 market downturn, in his article here. Separately, he argued that Western governments have lost grip on long-term bond markets, anticipating further interventions in his analysis here. These earlier assessments form the backdrop for his latest views on Bitcoin’s value ranges and investor strategies.

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