In your opinion do you think the current downtrend is significant in the grand scheme of things, at least crypto wise, or do you think we're still well into a bullish trend?
I realise that we can't be in the green forever, so how do you know exactly when we are in the bear cycle, before it actually happens, that is if we are not already in it?
It is very difficult to know exactly when the cycle of decline and increase occurs, it is very difficult to predict it, there are many factors that influence the price rise and fall of the cryptocurrency market, be it news or market sentiment, one of which is that superpowers can influence it by increasing their trade tariffs. and will impact the stock and crypto markets and the peak is that many investors are usually waiting for an announcement from Jerome Powell whether he will raise or lower interest rates. Cryptocurrencies are increasingly integrated with traditional financial markets. Therefore, the fed's decision does not only affect cryptocurrencies directly. On the other hand, if there is news of adoption from institutional or large private companies, it could support a significant upward trend for example, when Trump was campaigning, he wanted to adopt this asset as part of their alternative asset reserves.