Post
Topic
Board Altcoin Discussion
Re: Is the bear market over?
by
Ngemmeng
on 05/01/2023, 07:24:57 UTC
"Is the bear market over? Hard to say, but a lot of the bad news was priced in. With a maximum drawdown of -28%, SPX discounted 85% of a typical 33% market decline and 78% of a recession bear market. I still like the 1946 counterpart-"
It looks like the bear market is not over for now. The bear market continues, and Bitcoin will experience small dumps from time to time. However, market conditions are more stable than before. We will be difficult to predict the current market conditions. Will it be bearish or bullish which will happen in early 2023. By and large Q1 in any year will experience a bit of dumping.
if what most people say is true which is bull market will happen in 2024 maybe we will see price start to move up from Q2 or Q3, price can go up because most people buy crypto to welcome bull market in 2024. but of course no one knows when the bull market will happen again, it could be 2024 2025 or even this year because crypto is very difficult to predict.