BTC/USD 1-hour candle chart . Source: TradingViewWhile some panic sell their BTC, analysts are striving to show that so far, there is nothing unusual about the scope of the Bitcoin bear market.A Bear of Historic Proportions“Bear market lows have historically been established with BTC drawdowns of -75% to -84% from the ATH, and taking a duration of 260-days in 2019-20, to 410-days in 2015,” it wrote.
What singles out the current climate is not Bitcoin itself, but investors’ reactions to price changes.have eclipsed previous records“The recent price collapse through to the $20k region was punctuated with the largest daily USD denominated realized loss in history,” Glassnode noted. With the bear market in full swing, BTC/USD remains below a key trendline that has supported it during previous macro lows. The 200-week moving average , which has never decreased in value, currently sits at $22,430., Bitcoin has retained the 200WMA as support while wicking below it to put in floor prices.
Cryptotvplus WilliamSuberg
WilliamSuberg The last time btc shocked the market it was for the first time as well. The long term is what's important. I'll just stack more usdt to unload it if we crash once more
WilliamSuberg There are different ways of investing in crypto and I can show you safest way to earn especially in bitcoin. Bitcoin dipped and investing now is very much advised. To learn more on how to earn when you invest, kindly send a dm
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