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RE: Is The Bear Market Over?

in LeoFinance2 years ago

In my opinion it is too soon to assert anything. Personally, I wish the bear market was already over, but like everyone else, I couldn't currently say for sure beyond a reasonable doubt. The truth is that I think that at the current price level it is too early to say that the trend of Bitcoin is already bullish, but as I said, I fervently hope that it is true.

By simple logic, and due to the proximity of the next Bitcoin hard fork, it should be true that we are entering the bullish trend, but with Bitcoin, you never know, because it is characterized by being unpredictable; and according to numerous technical analysis indicators, there is extreme volatility in the market right now (higher than usual); So I think we should be cautious.

In any case, only time and the market will tell us exactly where the price and trend of Bitcoin is going exactly. Very good post. Regards.

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