Bitcoin Price And The Bear(TM)
Bitcoin price is caught in a negative social mood. Trading below the critical $400 level, and descending, what can we say? Price is drawing lower beneath its 200-period moving average. It is not clear if we’ll see $300 eventually, but negative mood pulls the king of commodities lower. The amount of money invested in Bitcoin Core is large. Silicon Valley seems to think that they can disrupt that investment with a nilly-willy fork. That’s not clear thinking. Censorship-resistance means that Bitcoin Core remains a permanent feature and Classic(TM) and Unlimited will never succeed, like the....
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On-chain data shows the Bitcoin price has now once again dipped below the realized price, suggesting the bear market may not be over afterall. Bitcoin Earlier Broke Above Realized Price, But Has Now Fallen Back Again As pointed out by an analyst in a CryptoQuant post, the BTC price has re-entered into the historic bear […]
Market corrections and bear markets both involve price declines, but knowing how to differentiate between the two is crucial in protecting your investment portfolio. Market correction vs. bear marketTo summarize, here are some of the key differences between the two:While corrections and bear markets can be daunting, remember they're normal occurrences within a healthy economy. Learning to differentiate between the two will allow you to navigate them better.In terms of recovery time, markets tend to recover from corrections faster—typically within a couple of months. Bear markets, however,....
The chase for the bitcoin bottom is still on since the digital asset fell below its $20,000 price level. Given that the bear market has not been long in the making, it stands to reason that the bull market isn’t here just yet. However, being able to pinpoint when the cryptocurrency has reached as low as it will go can help make smart investment choices and the previous bear trends can shine a light to how it might play out. Previous Bitcoin Bear Markets The most recent bitcoin bear markets point towards some important trends that may occur before a bitcoin bottom is established. The 2018....
Currently, Bitcoin is going through one of the harshest bear markets ever. As this is being written, Bitcoin prices have fallen below the important psychological threshold of $20,000. There is a lot of back and forth action between the 78.60 Fib retracement level and where the price now is. This suggests that sellers and buyers are […]
With bitcoin rallying, all the focus has been on predicting where the price of the asset will be by the end of the year. The digital asset is undoubtedly going to enter a period where various crashes will send the price down, popularly known as a bear market. Not a lot of attention has been paid to where the price of the asset might bottom out when the market inevitably goes into another bear market. This usually long stretch of low momentum has seen bitcoin lose 94%, 87%, and 84% of its peak value respectively in the last three bear markets. One recurring theme of the bear markets has....