{"id":4847,"date":"2018-12-20T08:01:42","date_gmt":"2018-12-20T08:01:42","guid":{"rendered":"https:\/\/www.wasteyourtime.co\/?p=4847"},"modified":"2019-09-02T13:00:33","modified_gmt":"2019-09-02T12:00:33","slug":"bitcoin-bear-market","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2018\/12\/bitcoin-bear-market\/","title":{"rendered":"Bitcoin Bear Market Is Far From Over"},"content":{"rendered":"

2 min read<\/span><\/i><\/p>\n

\"Anniversary
\nBitcoin and the Bear market? Why the bear markets are the best time to be in crypto?<\/p>\n

Recently, Bitcoin made a strong rally. Enough to break past the neckline of its double bottom at $3,600 to $3,700. This can be an uptrend underway. If buyers keep the price above the area of interest, it will be possible.\u00a0<\/span><\/p>\n

If you apply the Fibonacci retracement tool on the latest swing low and high shows that the 38.2% to 50% levels span the former resistance. That might now hold as support. That means bitcoin could recover to around $4,035 and beyond.<\/span><\/p>\n

Analysis indicates that the current Bitcoin price chart entirely mirrors that seen in late-2014 and early-2015, this market\u2019s last moody bear market.<\/span><\/p>\n

\n
\n

Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n