Bitcoin Bear Market: Is It Over Now? March 30th @TKThomas Kuhn, CFA. Crypto, Markets, Trading. We take a look at Bitcoin from the technical perspective. In this paper we illustrate why we think that Bitcoin has hit its low but that the ghost of the Bear market . Jun 03, · Bitcoin’s halving came and went, but no major uptrend has begun as crypto investors had been bitmoneylab.de although the leading crypto asset by market cap has rallied steadily from lows, another three-month-long downtrend and extension of the bear market may be ahead.. Correction To Last As Long As Uptrend, Bitcoin . Mayer Multiple Passing Signals That Bitcoin (BTC) Bear Market Might Be Over Historical Trends Show Bitcoin Might Have Bottomed At $3, The Mayer Multiple, a measure conceptualized by diehard Bitcoin investor and evangelist Trace Mayer, seems to be signaling that BTC .
Btc bear market overAnalyst: Bitcoin May See an Extended Bear Market Until September
Because of course, creating cognitive dissonance in longs with their most likely eventually valid narrative with the momentum on the short side should allow traders to bully bulls out of positions. Nothing is better than trading against a rational idea when the market is out of position for that idea to realise itself. To go back to the very broad view, all of this leads to a bid somewhere in here. For the time-being we expect something like this — that as the market goes on a bull-run it will seem to validate the macro-narrative triggering a strong FOMO event.
Gold will likely have broken through its high by then and more problems will emerge in the financial system. So although a false-break of the range is expected, we also expect a return to the consolidation afterwards. Our original thought on what would push it outside of the range for good longer term was when each Bitcoin underwrites more sophisticated financial transactions of larger values in decentralised finance and digital assets and where Bitcoin would act as the fundamental value underwriting it all.
Having said that, it will be interesting to see if increases in the Gold price or failure in the financial system is capable of changing this macro-narrative. Some mix of these factors could potentially change the nature of the asset over time. The counter-trade to this play by play is interesting to consider as well. If we can presume that the bear market is over, and that the market has recently been caught, held and sold heavily to push out longs but is in fact deeply bullish, then an aggressive trade led by medium to large funds could catch shorts at present prices and push them through the high, relying on FOMO and hysteria.
If the Gold market had already breached highs and traded on the other side of — then we might expect this kind of panic bid into Bitcoin now. Similarly, when the Bitcoin market breaks the bearish narrative we expect some aggressive buying. But in global markets medium term a monetary value trade is coming. A terrific battle is playing out in Gold that is reminiscent of a larger problem playing out in the financial markets.
In normal conditions the size leverage of the paper markets gives it significant control over the actual physical commodity market. We have recently seen how dynamic of spot vs paper can dramatically change in oil markets. The uncertainty and fear of any possible post-halving correction combined with strong resistance, and an accurate sell signals on high timeframes , all tend to point to a sustained correction and continued downtrend for the next few months.
However, as has also recurred in the past, after the post-halving crash, it has acted as the last ever opportunity to buy Bitcoin at low prices, before a new uptrend begins. I'm Tony Spilotro. I pride myself on the fact my content is research-driven, educational, and entertaining, offering the crypto audience an unmatched value. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.
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