Bitcoin ended its bear market downturn after a six-month decline that reached a low of $59,000. Back in 2024, I predicted that Bitcoin's next bear market low should be around $50,000 or so. Subsequently, each market downturn will be a smaller multiple compared to the previous bear market, and these multiples will continue to decrease. Previously they were around three times, and this time is about the same! By calculation, it seems we haven't yet reached a three-fold decline! The next time may only be 1.5 times the lowest point! CZ and some market capital predictions came to similar conclusions, just a bit slower! In the future, the term "bear market" may never appear again!
Bitcoin ended its bear market downturn after a six-month decline that reached a low of $59,000. Back in 2024, I predicted that Bitcoin's next bear market low should be around $50,000 or so. Subsequently, each market downturn will be a smaller multiple compared to the previous bear market, and these multiples will continue to decrease. Previously they were around three times, and this time is about the same! By calculation, it seems we haven't yet reached a three-fold decline! The next time may only be 1.5 times the lowest point! CZ and some market capital predictions came to similar conclusions, just a bit slower! In the future, the term "bear market" may never appear again!