Markets Update: Bitcoin’s Battle Against the Bear Market
The fiat value of bitcoin has seen a decline over the past 24-hours as the price per BTC dropped from US$1215 to a low of $1140 across major global exchanges. At press time, the price is on the rebound hovering around the $1170-1180 range, but the market is showing no signs of fending off sellers. Bitcoin Price Weekly View: Bear Markets Claw the Value of....
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While this isn’t bitcoin’s first bear market, it is the most opportunity-ripe “winter” yet experienced by the industry.
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....
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,....
Following up on the weekend look at Bitcoin’s long term price chart, we will look again today at the long term (8 day candle) chart of BTC, per Kraken. Over the weekend we looked at a Bull Setup. As we saw, that setup suggests a bull move that will likely last several more months. But of course, it goes without saying that there are both bulls and bears in the market at pretty much any given moment. I expect that is well understood by everyone reading this article. So, it is not enough to just look at a bull setup as we did in my last article. We want to gauge bear strength also. So let’s....
For experienced investors, a bear market is nothing out of the norm. It has happened in the past, and it will happen again — even in cryptocurrency. The majority of new investors are in the middle of their first crypto winter, during which most digital assets have depreciated by more than 70% from their November 2021 highs. While a bear market is tough for everyone, it can be especially challenging for those who are new to the space and don’t have much experience dealing with market volatility.That said, there are still opportunities to earn passive income during a bear market — crypto....