3 Reasons why I think Bitcoin is in bear market

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
I clearly have three reason Bitcoin will be bear market.

1) The price has broken pitch fork's final Support. It could be over sold due to RSI but we must aware that the trend has broken and shifted to bear market. We may see bounce and turn into bull market but I highly doubt that.

2) From Bottom price during 2015 to recent ATH , the price failed to hold 0.786 Support. Are we able to see price bounce? Yes! but the probability is really low.

3) According to VPVR current price range has no momentum to hold the price. there are many bag holders that willing to sell when price gets higher.

In conclusion price can go up but from chart analysis view, it is likely not going to happen. When market is in consolidating or have no clear chart, it is best to stay away from it.


Its stabbing at it, It can still pull back in the next few days.
Oh you think we're in a bear market after falling from 20k to 4k, oh amazing tell me more.
+1 Reply
GiraffePiWorld AkameMurasame
@AkameMurasame, I am saying this could be another starting of bear market. many people think the current price is the bottom.
TheCryptAlpha AkameMurasame
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out