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RE: Steemit Community Question - When Will Bear Market End Do You Think ?
Hi kingscrown, it is the million dollar question. I think few years ago when bitocin was in downtrend at that time, lot of people know about Bitcoin but only few traders trade Bitcoin. Then strong bullish rise appear and everyone came to know about this Big Giant. So lot of Big players are involved right now. When 90 per cent of the traders assume that now Bitcoin will not rise. That will be the start of rise. I think in few months Bitcoin is going to be bullish. In my point of view only one Strong bearish move will occur and 90 per cent trader start to think that Bitcoin will not rise now for few years and then it will start to rise. I suggest to traders they should not wait for the next bearish move. They should get in right now.
Agreed dollar cost avg rn I think 3,125 was the bottom at mid December. We will have a sideways action for cpl months and slowly start going up around end of May and peak about 100k around end of 2020 then drop back down again to 20k in my opinion.
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According to previous history approximately 36 to 39 months bullish wave and then about 12 to 13 months bearish wave. Current bearish wave starts at 8 February 2018 and 12 months passed. So you are right it will slowly increased