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?
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?
I personally think that the accumulation phase is not yet over and we still have some time left for it to be over.
I guess 6 more months we will be out of the accumulation zone including the breaking of this zone and retesting the support.
May be after that we can enter a bull market. But we never know what the market has to bring for us.
The market has always been unpredictable and surprising at the same time but for me, it's still a good chance for everyone to accumulate good coins, especially those who still took time to save so they will have funds for investment. The bearish season might still take time since there are still lots of economic occurences that affect it but if we'll accumulate during this season, we'll have good preparation when the bull season approaches.