Bitcoin's Inflection Point Has Arrived

Bitcoin is down by over 50% from its summer's highs and is now hanging around a critical support level of $6,500.The world's favorite digital asset appears to be losing its popularity for various reasons.It's not just Bitcoin, most of the popular digital assets are down by 60% or more from their summer highs as well.However, this is likely a temporary phenomenon, and Bitcoin's price could be nearing a reversal point as we are still in the midst of a bull market wave higher.Bitcoin is likely to appreciate substantially over the next 2-5 years and could reach a price of roughly $50K-$100K as its next wave tops out.