Cramer argued that bitcoin never had a downside retracement of more than 50% on a closing basis since 2020 – until a few months ago.
“According to DeMark, when you get However, that doesn’t mean bitcoin can’t bounce, according to Cramer.
a decline this ugly … it often does structural damage to the asset in question,” he said. “If you’re thinking long-term, DeMark says that it could take many years for bitcoin to come near its old highs, maybe even decades. It’s possible we’ll never see them again,” he added.
