🔥 Bitcoin: When Will The Bear-Market End?
With Bitcoin and crypto in the middle of a huge bear-market, I want to take some time to look what needs to happen to call the "end" of the bear market. Naturally, the end of a bear market is subjective, since most will look at when the bottom is reached. However, we don't know if this is the bottom yet.
In strong up- or down-trends it's often important to look at the main trendline. In this case, it's the trend line which connects the all-time high top with the dead-cat bounce top in March.
As soon as the price will break out of this diagonal resistance we can safely assume that the worst of the bear market is behind us and the path is likely up.
The break of the trend line is potentially months away. This is in line with the idea that the bottom of the bear-market can last for several months, like it has done before.
If we apply the same principles to the prior bear market we can clearly see that as soon as the trend line broke, the bear-market ended.
For illustrational purposes I pasted the bottom of the 2019 bear market on the chart.
In strong up- or down-trends it's often important to look at the main trendline. In this case, it's the trend line which connects the all-time high top with the dead-cat bounce top in March.
As soon as the price will break out of this diagonal resistance we can safely assume that the worst of the bear market is behind us and the path is likely up.
The break of the trend line is potentially months away. This is in line with the idea that the bottom of the bear-market can last for several months, like it has done before.
If we apply the same principles to the prior bear market we can clearly see that as soon as the trend line broke, the bear-market ended.
For illustrational purposes I pasted the bottom of the 2019 bear market on the chart.
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