Post
Topic
Board Altcoin Discussion
Re: Will the Bear take control long-term?
by
livingfree
on 15/11/2022, 12:09:09 UTC
How will the crypto market perform post-market turmoil? Will the bear take control long-term?
Typically, bear markets are quite long and it could take up to the next halving. So, don't go easy on it while we've got still time, there's a tendency that the market won't be ending up with this turmoil that we're seeing.

The bears are there and you'll have to be patient at most times until we see those signs. Mostly thought that when bitcoin has reached $21k, it's likely the end but no way.

It's a cycle and typical cycles of the market takes time and it's going to be a long way ahead.
I think the market has been bearish for a long time and it will probably last even longer. But even if bitcoin bounces back to 21k soon, that would not indicate a reversal. Remember how it used to be when some people thought the bears left and got caught in a bear trap. It was the same recently when bitcoin bounced back to 21.5k but then fell to a new bottom. I think the reversal will happen after another halving.
Last year, we're in a bull market.

So if since last year up to now is quite long time for you then that's it. But we all do agree that the next bull run will come after the halving on 2024.

That's what cycles are for and we've seen it come and go and the beauty of it is that we're about to see this year end. And that counts less than 2 years, and we're nearing to it. Time is so quick.