Post
Topic
Board Speculation
Merits 2 from 1 user
Re: Is bitcoin bear market over?
by
yudi09
on 13/09/2022, 06:49:32 UTC
⭐ Merited by fillippone (2)
The market have bounced and the same can't be judged as the end of bear market. The real bear market ends when the market experience continued increase in the price. From majority of users view this is just a price rally and nothing to connect it with the market trend. This can have a transition over time, if some big news takes place associated with bitcoin.
To illustrate the end of a bear market, we can look at a chart. Bitcoin has gone from the $20K price point and has gone up to $22K and has a chance to go up again. If the Bitcoin price reference is from June 15 to September 13, then the bull market has not started yet as $25K is the highest price as seen in this chart.



But rest assured, price movements will continue to occur despite the analysis that appears around you that this year Bitcoin has no signs of reaching a new ATH.