Post
Topic
Board Speculation
Re: Is Bitcoin Bear Market over?
by
Davian144
on 03/01/2024, 22:58:18 UTC
The bear market was closed for a few days after the Bitcoin price surge. Because the price of Bitcoin has skyrocketed over the past year. Since the market was dumping for altcoins in 2022, the Bitcoin market is in a downward trend. Since then, the bull market has only continued to improve until today. In the future we could see a bigger bull market with Bitcoin price halving. All investors will benefit from this bull market.
What I see is that the bullish market is not marked by a decline in Bitcoin prices, although the effect of a decline in Bitcoin prices could also be to encourage more people to return to taking advantage of the market before it experiences the next price spike. But what is quite obvious is that when Bitcoin experiences a price decline, it also causes all altcoins to experience the same thing so that the market does not look good or bullish. So this bullish market is actually a market condition that is improving and continues to experience price increases in almost all cryptocurrencies, including Bitcoin too.