I would like to follow the market trends with great interest and compare the current market price movements after the end of 2021 with previous bearish trends such as the 2018 bear market. I think the cryptocurrency bearish trend may have changed the pattern and took another dimension. . If you've been following the market trends, you've probably noticed that what's happening in the market right now is different from the 2018 downtrend, but yet another sign of a bearish move. What is your opinion
Well there is belief that maybe Bitcoin will have 2 super cycles so we might not see a bear market similar to 2018. Or if we are indeed in the bear market, the price will not go down hard as the last time.
So there's are a lot of factors to look at the current trend, as the data is fairly young, we can't say that we will have the same down turn as 2018 or we will have a new cycle because the so called narrative has changed, i.e. Government and countries investing on it, whales continue to buy, even huge projects are willing to invest billions upon billions on the market.