RE: Are we on the verge of a prolonged bear market?
Hi @lupafilotaxia
The global situation of the economy is not going to improve in the short term, I feel that it will continue to sink even more, there is a lot of instability, I think that during the pandemic many bubbles were created, the USA are specialists making bubbles, and being this country the one that represents the main world power, it has a very strong impact on the whole world.
Cryptocurrencies, with an imminent regulation could go down even more, possibly some projects could even disappear, but there will not be an absolute fall, a BTC at 3000 I do not think you will see it again, but I'm not a fortune teller ha ha ha ha ha
The $30,000 has been a good place for the BTC price. I assume it will stay in that area for a while longer.
Hi @josevas217
I understand what you are saying, but remember that the cryptocurrency market is much more speculative than any other financial market, and something we must keep in mind is that every price movement tends to execute the Gauss bell graphical representation and precisely that is what makes markets have healthy capitalization behaviors and Bitcoin has not shown to be the exception to these movements.
Best regards, be well.