Bear market what bear market? According to prominent figures in the cryptosphere, bitcoin never saw a bear market in – and the evidence is easy to find on the blockchain. Data covering various metrics show that despite recent price volatility, bitcoin has held strong throughout its 11th anniversary year, Cointelegraph reported. Like and follow to receive details analysis and updates for the next few months: The aim of this Monthly chart is to mainly track the timing of the end of the Bear Market expected around May-June and the start of a new multiyear uptrend through the next Megabull. Preferably, Bitcoin remains within the old bull channel as the blue projection fractal shows. Jan 12, · At the time of writing, Bitcoin is trading up nominally at its current price of $8,, which marks a slight climb from its daily lows of just under $8,, and a slight decline from its highs of $8, that were set when bulls attempted to spark another rally last night.
Bitcoin bear market 2019Bitcoin Bear Market Will Become a Bullish One In , Fundstrat Global Advisors’ Researcher
In my opinion, the Monthly bottom band should provide us very strong support if we need it. Monthly Chart:. Comment: This Monthly chart played out nicely following the blue fractal. It will be unlikely to see lower than this area unfortunately. BitcoinGuru fayyad. Both Coin Cap and Bitcoin arrived at bottom of triangular convergence.
Play Now! Tags: bitcoin btc crypto. Tweet Share. Could you be next big winner? Cole Petersen Cole is a cryptocurrency analyst based in Los Angeles. Related Posts. Premium Partners. Top Brokers. Top Casinos. Top Sportsbooks.