Bitcoin Is Now Officially In Its Longest Bear Market Ever - CoinDesk

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Nov
12

Bitcoin bear market

By Mazuru

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The ardent defense of this level comes about as Bitcoin shows signs of having a bearish market structure, and there are two key levels that are important to watch within this structure that could offer significant insight into how the crypto will trend market the first part of Big Chonis, a popular cryptocurrency analyst bing small business Twitter, explained in a recent trading that this last weekly close favors bears, noting that Bitcoin is still caught within a firm descending channel.

However, no free lunches for shorts as price is at HTF support. Price between levels, hence the bitcoin LTF ranges. Cole is a cryptocurrency trading based in Los Angeles. He studied at the University of California Irvine and has covered bitcoin and the crypto markets since All Rights Reserved.

We use cookies to give you diesel best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy. Bank Sponsored. Bitcoin Fbm 2 fbm. Cole Petersen 2 months ago. Featured image from Shutterstock. Cole Petersen Cole is a cryptocurrency analyst based in Diesel Angeles. Read More. Nick Chong 5 hours ago. Nick Chong 6 hours ago. Cole Petersen 9 hours ago. How to start accepting Bitcoin payments for your online Business?

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Nick Chong 5 hours ago.

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However, no free lunches for shorts as price is at HTF support.

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Technical indicators suggest that cryptocurrency Bitcoin, whose recent price is more than 30% off its high in July, may fall yet more. People who believe bitcoin is currently in a bull market just because it avoided a drop below $ are wrong, according to Alex Kr├╝ger.

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No bitcoin bear market in , say analysts. Data show that despite recent price volatility, the top crypto has held strong throughout its 11th. There are two key levels that are important to watch within Bitcoin's current market structure that could offer insight into where BTC goes next. Bitcoin, as well as the entire cryptocurrency market that stubbornly follows it, is in the midst of a gruelling bear market, with four clear lower.
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