Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 24/06/2017, 19:43:41 UTC
If we go above 2690 , bull market will continue I'd say


You seem to be using the term "bull market" incorrectly.  Bull and bear markets do not switch very quickly, and frequently, it will take several months in retrospect to actually be able to determine that the market has switched.

In this case, we have been in a bull market from about $250 to $2980, which is about 20 months of upwards movement.  We are still largely at the top of the range, and likely, from our current location,  prices would need to go below $1000 and stay there to be in a bear market.  Sure there may be some other ways to get to a bear market, but you gotta recall that we were at $1200, just two months ago, hello??