How much longer for the Bear Market? Perhaps not that much longer...
The last Bear Market lasted for 95 days from the highs to the lows...
The current bear market may have a few weeks left to go, which is good or bad news depending on how you look at it.
If you are thinking the lows are already in, this is probably bad news.
If you are thinking this going to be a year long bear market, this is great news.
There are no guarantees here, but the last bear market in the broader context of a bull market lasted 95 days.
Check it out:
(Source: https://twitter.com/BTC_Archive/status/1485203370822541315/photo/1)
We are currently 73 days from our prior highs to now...
If history were to repeat again, which it probably won't exactly, we'd have roughly 3 more weeks before the lows are in...
I'm in the camp that thinks we may bounce in the very near term before possibly making another plunge...
Jon, Thank You for sharing Your insights...
Upvoted! Thank you for supporting witness @jswit.
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Thank You for sharing...
bouncing back will be what almost everyone wants but the market is very unpredictable as of this moment
Thank You for sharing Your insights...
Yup! It seems very likely!🙀
I strongly believe the bottom will be 30k this time, I'm listing buy orders at that point
Thank You for sharing Your insights...