The bull market is gone and the reality of a long crypto winter is surely giving traders a bad case of the shivers. Bitcoin’s price has fallen to lows not even the bears expected, and some investors are likely scratching their heads and wondering how BTC will come back from this epic decline.
Here’s a look at five indicators that traders use to help know when a crypto winter is coming to a close.One of the classic signs that a crypto winter has set in is widespread layoffs across the crypto ecosystem as companies look to trim expenses to survive the lean times ahead. by purple arrows on the chart above, previous instances where the price of BTC dipped below the 200-week SMA, the light blue line, and then climbed back above the metric preceded uptrends in the market.
Based on the historical performance, this metric suggests that there could still be more downside in the near future for Bitcoin, followed by an extended period of sideways price action.2-year moving average multiplier
The bear market is not gonna over soon. But I think BTC is not gonna drop significantly lower than it already did. I'm just gonna keep buying it on Bitfinex while I can.
Not a macro expert..but really don't think so. Plus been seeing in twitter lots of posts, about 3AC,and what will mean for the space! Lots of insolvent projects, and a lot of more will blow up.Web3 projects don't have the funds and will have to give up building..so, bull not soon
I am glad that I can buy USDT regardless of what is happening on the market. This is a tool for saving money when fiat can simply depreciate.
ilmeaalim
Not even close
stop ignoring it, just start using
My financial advisor on Instagram will let me know when it's over. He's only 11 and already has 14 Lambos.
It's just the beginning
I need your help
over? it’s dead bro
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