Analysts love to issue price predictions and it seems that 9 out of 10 times they are wrong. For example, how many times did analysts say "we will never see Bitcoin back at X price again," only to see it plunge well below that level a few months later? It doesn't matter how experienced a person is or how connected in the industry. Bitcoin's (BTC) 55% volatility must be taken seriously and the impact this has on altcoins is usually stronger during capitulation-like movements. I was undeniably wrong about how much crypto could fall from macro contagion. I remain bullish …

While new entrants to Bitcoin (BTC) markets have been panic selling at a loss, the recent market slide has not vexed the old hands. Heavy selling in response to hints from Elon Musk that Tesla may soon sell its BTC stash saw Bitcoin prices tumble to their lowest levels in 20 weeks as the markets found support near $42,000 on Monday. According to on-chain analytics provider Glassnode, the crash predominantly saw newer traders exiting from their positions at a loss, while long-term hodlers stood their ground. Glassnoded noted Bitcoin’s adjusted Spent Output Profit Ratio (aSOPR), a metric that shows whether …