Post
Topic
Board Bitcoin Discussion
Re: The main reason for the bearish market today
by
emulsifryer
on 30/03/2019, 07:23:18 UTC
It isn't the perfect bear market, from analyst view the market is predicted to grow crossing $4200. If this happens then it is the end of the bear trend, same time possibility for a down trend is possible with bitcoin going low to $3500, and the low bottom close to $3200. Right now the price recovery after falling low to $4000 and crossing $4100 have added resistance for the next price barrier to be $4200.
This thread has been made at least 5 months ago and of course there has been a change in market sentiment, at the end of the first quarter of 2019 the trend showed a good increase in my opinion and it looks like the bear market will end soon which at least will be pretty sure in the second quarter of this year there is a much higher increase if indeed the bull run is what has been predicted and expected so far.
A lot of changes from the first quarter which some of us thinking that bitcoin will not recovered back again due to the downfall of its price but as you can see from time to time there's still a chance that the market showed us some positive thread and I guess this wont take too long bear market will end up soon.