Quote from: coolcoinz on July 12, 2022, 08:11:32 PM

Quote from: isaac_clarke22 on July 12, 2022, 05:21:51 PM

Quote from: TeslaWatt.com on July 11, 2022, 08:03:17 PM

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Worst BTC bearish market? Where did you get this information, OP?
I am pretty sure this ain't the "bearish" market in fact that I even encountered the price of 3k per BTC couple of years back.
Surely these indicators are not serious aren't they?

It's not the price that shows the severity of a crash but how fast and by how much it fell from the top. A fall from 5k to 3k would by no means be considered severe. A fall from 70k to 18k is really much worse. Some of the indicators we're talking about are the moving averages, number of red weeks in a row, volume of liquidations, the price being at the level of miner capitulation, which is the point where miners can no longer afford to hold their coins but instead sell everything to cover their bills, bitcoin being below the previous bull market high for the first time in history, and many more.

Yes, price isn't all but it was the market reaction toward bearish news. Just recently, news regarding FED keeps on their goals to increase the rate make BTC pull a long sell candle from 20k to 19k, just shy away a little to 18k price. Right now, I can say most people still holding their BTC in the exchange are the weak hand and traders. If you look for the strong or diamond hand, you'll find none since they already withdraw their BTC back to the cold wallet as the number of BTC holders raising show.