• Lark Davis, a YouTuber speculated about whether or not the cryptocurrency market crash is over.
• Davis made specific reference to the “crazy” markets.
• Davis thinks yesterday was the capitulation date for crypto markets.

Lark, an investment and crypto YouTuber, speculated as to whether the crash of the crypto markets might end in his May 13 video.

Davis made specific reference to the “crazy” Bitcoin (BTC) markets. According to Coinbase (NASDAQ:), in only 24 hours buyers pushed BTC’s price from $25,375 to $30,000. Davis says that the market’s fearful sentiment is what drove the rise in price.

BTC’s daily candle was also shut down in the area that it supports. Additionally, BTC had a “solid” volume over the last 24 hours – the largest volume seen in almost 18 months.

Davis believes that the crypto market capitulated yesterday.

Davis supported his claims by referring to yesterday’s BTC supply spike. He believed that those who had been holding onto their BTC for too long have given up and are now selling their shares.

Another fact he brought to the table was BTC’s confluence floor model which went down yesterday. It has only ever happened before during the Covid Crash and at the bottom of the bear market in 2018 and 2014/15. Davis states that this is something you should definitely consider.

Davis said that even though there has been a mass destruction in the investment sector, it’s almost impossible to forecast the bear bottom. People should therefore be more careful about their investments.

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