How do we know when the bear market will end?
The real sign for the end of the bear market and start of a bull market is when bitcoin will reach a higher price from the last rally which was 8400$.
Bitcoin needs to pass it in order to break the pattern of the current market structure which brought us lower highs after lower highs.
another indicator for me that will really put a stamp on a new bull run is if bitcoin will pass the 200 MA on the daily charts as seen in the screenshot.
If both of those thing will happen bitcoin could really get a momentum and reach a new all time high maybe before the end of the year a compound with the upcoming ETF decision on 30th of September which most likely will be delayed to the last possible date on February 2019. This, if will happen will cause a rather small dump and a good opportunity to enter Bitcoin from a good position for those of you who sat on the side.
This is not a financial advice so do your own due diligence and only invest what you can afford to lose.
Cryptodad
We are still far from $8,400 hope to see us getting close to this point in 2-3 days
What it takes to reach 8400 from 7200 ? Just a modest +17% jump. Big for FIAT, easy-peasy for cryptos.