BTC has made lower lows and lower highs consecutively for a full year, so per definition, it’s a bear market,” he wrote referencing the chart below that shows BTC’s price action and macro phases. BTC's . Nov 16, · In a bull market, everything is good. With Bitcoin climbing to new highs every month, no matter which indicator, analysis, data-point you look at, everything will tell you to buy or hold. But, what if the markets weren’t so bullish? At the time of writing, Bitcoin . BTCBear offering flexibility and and secure reliability Trading panel. You can trade from anywhere, with multi-device such as Smartphone and Tablet.
Btc bear marketAnalyst: Bitcoin May See an Extended Bear Market Until September
And although the leading crypto asset by market cap has rallied steadily from lows, another three-month-long downtrend and extension of the bear market may be ahead. Thus far, the cryptocurrency has repeatedly failed to hold above this level. According to Dave the Wave, who focuses on longer-term investing analysis rather than short term trading, based on past Fibonacci based time cycles , Bitcoin price will bottom out in September If the latest move did indeed call the top, this recurring data would suggest a bottom will be reached in September Many signs are pointing to such a scenario playing out and lines up with expectations from top analysts on what to expect post-halving.
The event has long expected to be bullish and trigger the start of the next bull market, but miner capitulation causing a major crash continues to hang over the heads of crypto investors.
The uncertainty and fear of any possible post-halving correction combined with strong resistance, and an accurate sell signals on high timeframes , all tend to point to a sustained correction and continued downtrend for the next few months. However, as has also recurred in the past, after the post-halving crash, it has acted as the last ever opportunity to buy Bitcoin at low prices, before a new uptrend begins. I'm Tony Spilotro. I pride myself on the fact my content is research-driven, educational, and entertaining, offering the crypto audience an unmatched value.
Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies. All Rights Reserved.
Advertise Submit a Press Release. I own a small amount of Bitcoin. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies. All Rights Reserved. Advertise Submit a Press Release. Home Cryptocurrency news Bitcoin. Reading Time: 3min read. With this, many have been certain that BTC is back in a bull market.
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