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-marketI think this process will be much longer and the longest bear in history will not end soon. There has been so much development in this long process, why the bear market is continuing, why I do not think we could not enter into a period of bull. Of course, in the past bull period, because of the very serious rise in the market in these periods can not be revived, but despite the development of this price has not become an annoying event. As I said at the beginning of my message, I think this process will take much longer and a lot of investors will not come to a new bull period until they are withdrawn from the market. Let's see, is the number of days we can reach 4-digit numbers?