Bitcoin Traders Say $34k Was The Bottom, But Data Says It's To Early To Tell

Bitcoin traders say the bottom is
in, but it's important to also
consider BTC's correlation to
equities markets.

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coINTELEORAPH
Bitcoin (BTC) price traded down 23% in
the 8 days following its failure to break
the $45,000 resistance on Feb. 16. The
$34,300 bottom on Feb. 24 happened
right after the Russian-Ukraineconflict escalated, triggering a sharp sell-off in
risk assets.
While Bitcoin reached its lowest level
in 30 days, Asian stocks were also
adjusting to the worsening conditions,
a fact evidenced by Hong Kong's Hang
Seng index dropping 3.5% and the
Nikkei also reached a 15-month low.

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The first question one needs to answer