Bitcoin has officially entered the longest stretch of declining prices in its 10-year history.
The worlds oldest and most valuable cryptocurrency achieved an all-time high of $19,764 on Dec. 17, 2017 on the CoinDesk Bitcoin Price Index and has printed a series of lower price highs ever since, making February 2 (as per UTC time), the 411th consecutive day prices have been in decline.
As such, bitcoins latest stretch surpasses the duration of the infamous 2013-2015 bitcoin bear market, which spanned 410 days from its price high to low.
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https://www.coindesk.com/bitcoins-price-longest-ever-bear-market yep, it's a sad truth but we have to accept it. crypto suffered too much damage, bubbles exploded, affected by trade wars between major countries, the financial market declined, ...
There are too many disadvantages for us. But this is also an opportunity for us to buy bitcoin at a cheap price. The market will recover in the future and we need to work more.
Maybe its because investor panic at early 2018. Its need time to build trust again from investor but if bitcoin ETF approved, maybe investor confident will increase again. Many news about hacking and regulation makes investor wait and see on market condition