The chase for the bitcoin bottom is still on since the digital asset fell below its $20,000 price level. Given that the bear market has not been long in the making, it stands to reason that the bull market isn’t here just yet. However, being able to pinpoint when the cryptocurrency has reached as low as it will go can help make smart investment choices and the previous bear trends can shine a light to how it might play out. Previous Bitcoin Bear Markets The most recent bitcoin bear markets point towards some important trends that may occur before a bitcoin bottom is established. The 2018 bear market and 2014 bear runs helped to shine a light on what to keep an eye on as the crypto winter rages on. Related Reading: Aptos (APT) Ranges Just Above $8, Is It Time To Dump Those Airdrop Tokens? One of the very first things to look at is how long the previous bear markets had actually lasted. In the last two bears, it seems that the amount of days that passes before the market bottoms out is getting lower. 2014 saw a total of 407 days before a bitcoin bottom was established, while it was only 364 days in the 2018 bear market. Given this, it is possible to expect that the duration before the market bottom might be lower this time around but it also shows that the market is likely not there yet. BTC bear market trends | Source: Arcane Research To hit such figures, the market would need to reach December, which is likely when bitcoi...
$30 Million Worth XRP Traded in 30 Minutes
