Everyone is talking about when the bear market is going to end. To me it looks like the market is just consolidating - moving sideways before continuing the bull market or actually starting a bear market.
The worlds largest triangle is what we are all watching right now.
I'm edging on the side of a bear market beginning, some important MAs are trending down and BTC is below a lot of them.
Your log function is on. There's a big difference in your chart and the actual representation of Bitcoin's price chart. We've lost over 60% from the ATH.
bitzoo
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@jpbrown1023, thanks for sharing your chart as a comparison. On the non log version it looks like there was a very short bear drop, then sideways.
bitzoo
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@jpbrown1023, by short bear drop I mean short in time.