Bitcoin Market Analysis: The Blow Off Top

ctom (27)in #bitcoin • 7 years ago

I have heard many throughout the crypto world make some erroneous claims about the current state of Bitcoin. The most common would have to be misusing the term bear market. Many claim that Bitcoin has been in a bear market since the fall from all time highs. This is a more than questionable claim if not completely incorrect. Why? Let’s take a look at the characteristics of a bear market and how they differ from a market correction, look at blow off tops and why would this be the better way to describe the current bitcoin market, compare the current market to the 2013–2015 bear market, go over a few possible scenarios we could face over the coming months.