Could Bitcoin's Decline Be a New Bottom?

Is a New Dip Possible for Bitcoin?

The short-term investor profit-loss ratio for Bitcoin dropped to 0.013 on November 24. This occurred during the days when Bitcoin fell to the $80,000 level. Historically, such ratios have been consistent with significant and local Bitcoin market bottoms.

The rise of this ratio indicates increased profitability among short-term investors. Currently, this ratio has risen to approximately 0.5. This situation may signal that Bitcoin is trending towards a positive price movement.