Re: Why the Crypto Market Remains ‘Moderately Bearish’ in 2019
bearish would have been if price of bitcoin went below $3k not when it is pretty much the same as it was before! fluctuating within the same channels.
Just because the price didn't break that support level yet doesn't mean the market is overall bearish. It may not be bearish for the last month or so we've been stuck in this range but for the last year the price has been trending downwards. Until there are 2-3+ months of growth the market will and should still be considered as bearish.
not at all.
we don't need the bull market to start (in other words we don't need to see 2-3 months of big rises) for the bear market to end. the thing is, even the drop below $6k doesn't make the current trend "bearish" at least in my opinion because if you look at WHY it dropped this low you can see that it wasn't because of some trend or anything like that. that trend (the bearish one) had ended long time ago. the drop was purely because of a large scale attack on bitcoin from the BCash people which whales got behind to make more money from shorting bitcoin.
that in my view is not a "trend", it is more like an incident
