We have entered the second year of a Bear Market. The market moment we're in has found its support at the peak of 2017's Bull market.
There are those who think that it can still go lower, but the majority agree we have reached a bottom as the selling pressure is losing momentum.
Theoretically, if Bitcoin is able to hold the support at the peak of 2017's bull run, we may see a reverse in the bearish momentum and the start of a new accumulation phase.
I say this phase has already begun. So, what do you guys have to say?
Yes it has started for sure. And it has started a lot before than this month i feel it started in June/ July only when market dumper towards under 30k. I feel this is going to last for 1 more year before we move towards a bullish phase. But at the same time I don't think we are at the final bottom i think after this accumulation phase we might have another final bottom which would act like a trampoline towards the new highs.There are those who think that it can still go lower, but the majority agree we have reached a bottom as the selling pressure is losing momentum.
Theoretically, if Bitcoin is able to hold the support at the peak of 2017's bull run, we may see a reverse in the bearish momentum and the start of a new accumulation phase.
I say this phase has already begun. So, what do you guys have to say?