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
I don't understand whether you are saying we are having a similar bear market of 2018 or this time is different?
As I understand time has changed a lot from 2017/18 till now. Back in the old days, bitcoin was not as popular as it is currently adopted by governments and institutions. Due to the increasing demand and lots of use cases, I think we may not have a multi year bitcoin bear market and at the same time bitcoin may not dump -80%+ from all time high.
I think it refers to the times when the BTC was in a bearish trend, it must be recognized that there was an accumulation stage from 2014 to 2017, then the bullish trend came and later that is when we reached the first bearish trend, and then the stage was introduced of accumulation, and it was presumed that it was going to enter a bullish trend because it reached the new ATH, for some we are currently in a bearish trend, but looking at it from another point of view, I think that for me we are in a stage of re-accumulation, that is why In my opinion, the bearish trend stage has not arrived and is far away.