According to LSMA, we can assume that Bitcoin has ended the bear market.
LSMA is a technical analysis tool that studies past market data, such as the price and trading volume, and uses it to predict the future direction of an asset’s price.
I have put this indicator in 2 different bear markets' ends of 2015, 2019 and the current year 2022.
2015: The indicator was in a pass between below and above the price. It finally stayed at the same level at the bottom, while price stayed above it and bear market ended.
2019: The indicator went below the price again after short cycles and bear market ended.
2022: The indicator looks thoroughly like 2015's situation, except the bottom which is similar to 2019's where was a rapid recovery. Price is currently staying above the indicator.
LSMA is a technical analysis tool that studies past market data, such as the price and trading volume, and uses it to predict the future direction of an asset’s price.
I have put this indicator in 2 different bear markets' ends of 2015, 2019 and the current year 2022.
2015: The indicator was in a pass between below and above the price. It finally stayed at the same level at the bottom, while price stayed above it and bear market ended.
2019: The indicator went below the price again after short cycles and bear market ended.
2022: The indicator looks thoroughly like 2015's situation, except the bottom which is similar to 2019's where was a rapid recovery. Price is currently staying above the indicator.