I think the Bitcoin bear market is probably coming to an end. Here’s why. 👇
Since the ATH, $BTC a has already experienced three major bearish impulses.
What I find interesting is that, from a technical analysis standpoint, movements that go against the main trend often stop after two impulses. Being at a third already, in my opinion, increases the likelihood that this is the last one.
Looking at the numbers:
• 1st impulse: ≈ -36%
• 2nd impulse: ≈ -38%
• 3rd impulse: ≈ -30%
But the most important part isn’t the percentage drop.
It’s the ability of each impulse to reach progressively lower prices.
The second impulse clearly broke the previous low.
On the other hand, the third one is much less convincing.
A large part of this drop simply served to erase the previous rebound, without truly reaching new lows in any significant way.
For me, this is a sign of the selling pressure running out of steam.
In other words, sellers keep pushing… but they get fewer and fewer results.
Even if one final bearish impulse were still to happen, I think it would likely be much more limited than the previous ones.
That’s why I believe the odds are gradually shifting in favor of a bullish trend recovery.
It’s not certain, but this is the scenario I consider the most likely today.
Since the ATH, $BTC a has already experienced three major bearish impulses.
What I find interesting is that, from a technical analysis standpoint, movements that go against the main trend often stop after two impulses. Being at a third already, in my opinion, increases the likelihood that this is the last one.
Looking at the numbers:
• 1st impulse: ≈ -36%
• 2nd impulse: ≈ -38%
• 3rd impulse: ≈ -30%
But the most important part isn’t the percentage drop.
It’s the ability of each impulse to reach progressively lower prices.
The second impulse clearly broke the previous low.
On the other hand, the third one is much less convincing.
A large part of this drop simply served to erase the previous rebound, without truly reaching new lows in any significant way.
For me, this is a sign of the selling pressure running out of steam.
In other words, sellers keep pushing… but they get fewer and fewer results.
Even if one final bearish impulse were still to happen, I think it would likely be much more limited than the previous ones.
That’s why I believe the odds are gradually shifting in favor of a bullish trend recovery.
It’s not certain, but this is the scenario I consider the most likely today.