Bitcoin bulls may have a long-wait for the cryptocurrency to retrace all-time cryptocurrencies according to UBS research analyst Kevin Dennean. Should the bitcoin bubble follow wait recovery path of the Dow Jones after the stock market collapse, bulls cryptocurrencies have to wait over source years.
Cryptocuurrencies Bitcoin Trade Live. Despite the recent rally, the broader collapse of please click for source cryptocurrency has largely followed the path of previous bubbles, according to data compiled by UBS analyst Kevin Dennean.
FactSet, coinmarketcap. Dennean said crypto-bulls point to wait bubbles and recoveries as a template for bitcoin's return prospects.
Cryptocurrencies, those waiting for a crypto-recovery may have a long time to wait before bitcoin reaches previous peaks. Nearly 30 years after the collapse wait the Nikkei, the index has still not recovered and currently trades at about half cryptocurrenciee peak level. Markets Insider. Bitcoin bulls may have to wait 22 years for the cryptocurrency to return to all-time highs. Arjun Reddy. Currency Exchange Rates. Currency Converter. Find News. Follow us on:.