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Bitcoin Forum / Re: Has the bear market started?
« Last post by LogitechMouse on Today at 04:01:16 AM »Bitcoin price touched $65k to $56k in just two days. Bitcoin price is in full bearish current position, maybe we are going to reach bull run very soon. Do you think we are headed for a bitcoin bull market or a bear market?An almost $10,000 decrease in the price of Bitcoin in only 2 days is kind of common I would say. It happens most of the time though I didn't expect for Bitcoin to go this down TBH.
Having said all of that, I don't think that we are entering the bear market anytime soon. Just basing on history, a bull market usually starts a few months after the halving event, so there's a chance that it might happen again. Of course, I might be wrong as well and we might see the opposite of it. After all, we've seen the price of Bitcoin surpassing its previous ATH even though the halving event didn't finish yet.
At the end of the day, anything can happen, and we don't know when it will happen. We might see a bull market anytime soon (which is highly likely), or we might see a bear market (highly unlikely).