02-21-2022, 12:23 AM
The highs are getting lower and the dips too
<!-- SC_OFF --><div class="md"><p>I am not sure what is needed to officially announce the bear market but I believe we are already in the middle of it. </p> <p>In traditional markets, some say that a bear market is indicated when a 20% price drop occurs within a 60-day period. This downturn is typically the result of investor pessimism related to a loss of confidence in the overall performance of the market prices.</p> <p>Bitcoin held up nicely between $42-45k but fell now to $39k. As you all would know Bitcoin reached its ath not too long ago of $69k.</p> <p>So I am not sure what we are waiting for, do we need a crypto VIP to tell us that the crypto winter has started?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/LetsGoToTheMars"> /u/LetsGoToTheMars </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/swuugn/the_highs_are_getting_lower_and_the_dips_too/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/swuugn/the_highs_are_getting_lower_and_the_dips_too/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I am not sure what is needed to officially announce the bear market but I believe we are already in the middle of it. </p> <p>In traditional markets, some say that a bear market is indicated when a 20% price drop occurs within a 60-day period. This downturn is typically the result of investor pessimism related to a loss of confidence in the overall performance of the market prices.</p> <p>Bitcoin held up nicely between $42-45k but fell now to $39k. As you all would know Bitcoin reached its ath not too long ago of $69k.</p> <p>So I am not sure what we are waiting for, do we need a crypto VIP to tell us that the crypto winter has started?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/LetsGoToTheMars"> /u/LetsGoToTheMars </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/swuugn/the_highs_are_getting_lower_and_the_dips_too/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/swuugn/the_highs_are_getting_lower_and_the_dips_too/">[comments]</a></span>Kind Regards R