When will the bullish market return?

in #bitcoin6 years ago (edited)

It seems like the bubble has burst on the 20th of January and we have a longer bearish trend than we are normally used to. But when is the best time to get back into the market or increase our positions in crypto?

The technical analysis shows that we are at a cross point. The bearish market can end, BUT only if there will be a surge in the total coinmarketcap in the next 2 weeks, that will mean the trend will reverse. Also a lot of people are saying that the tax period caused a sell trigger and investors sell crypto in order to pay their taxes. I do not know if that is true, but looking at the market cap, I personally think it cannot go any lower. The sellers cannot sell 5-6 times lower than the all time high from a psychological point of view.

Mass adoption, institutional money, optimistic news, reglementations may also be considered semi-buy signals from a fundamental analysis point of view.

Now, I am not saying the bearish trend will end tomorrow, but the trend could reverse shortly. This may be a good opportunity to buy. This is not financial advise!

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