Has Bitcoin's Price Bottomed Out? Only Time Will Tell

Bitcoin has staged a steady comeback after the crypto crisis hit a peak in June.I believe in the long-term outlook for BTC, but the question for investors is whether there are more shoes to drop in the crypto world.Is Bitcoin likely to keep falling? In the short run, it's a distinct possibility - the crypto crisis may not be fully contained. But in the long run, the picture remains strong.What's new in crypto: from fleeing crypto founders to BlackRock's move to offer Bitcoin to institutional investors.Has Bitcoin Bottomed Out?Bitcoin (BTC-USD) is back on the move again, surging after the July CPI numbers for the US came in better than feared and investors renewed their optimism for risk assets. The past few months have been tumultuous for crypto, with the high-profile failures of Terra, Three Arrows Capital, Voyager Digital, and Celsius Network. Billions of investor dollars went missing, and fingers were pointed in various directions. When Bloomberg went to get Three Arrows' side of the story, they found mail piled up at their Singapore office-the founders had already fled the country. There were hotly contested rumors that the team at Celsius tried to flee the United States as well.Many people (myself included) underestimated the scale of shadiness that was happening in the crypto world from 2020 to now. The failure of these firms is a much-needed flush-out to get back to basics. The main question I have and that readers woul...