Hello crypto lovers welcome to my most.Hope you all have strong heart in this bear market.
Market is going through all downfall last couple of weeks.Check below image I have taken from coindesk chart.Look at the big spike of around $400 huge candle.This might reverse the market but its not sure.keep watch on it.
** Image source: Coindesk.com**
Next I will take about a general market scenario which generally happens in every market.This has a big correlation with bitcoin as well and in phase what we are today.This chart tells human psychology at different stages of market turns.
*Image Source : https://medium.com/@dbrereton/market-cycle-656bc34328b6 **
Now I will show the similar chart which happens with bitcoin in 2013 market crash.
Image source: coinmarketcap.com
This is almost similar chart,you can easily correlates with general chart. Isn't its interesting.But then maket rose again and we are here today.
Image source: coinmarketcap.com
Looking at the chart it seems we are near to bottom.The bear market may be few weeks to month but I believe Bitcoin will rise again.Look at big picture of the market and play smart.If you believe in technology price has to rise.
Hope you guys have learned something new.Have a nice day.