Let’s talk about bull and bear markets.
In stock markets, a drop of more than 20% from a high is often considered the start of a bear market. There’s no universally accepted definition in crypto markets.
To be honest, I only learned this later: when you hear predictions about “how much further this cycle can go,” first ask what they’re based on. Don’t mistake someone else’s prediction for a fact.
Many people use the price movements of $BTC to describe the current phase of the entire crypto market.
Understanding the rules helps you make informed decisions; it’s not a way to predict the market.
#BTC
In stock markets, a drop of more than 20% from a high is often considered the start of a bear market. There’s no universally accepted definition in crypto markets.
To be honest, I only learned this later: when you hear predictions about “how much further this cycle can go,” first ask what they’re based on. Don’t mistake someone else’s prediction for a fact.
Many people use the price movements of $BTC to describe the current phase of the entire crypto market.
Understanding the rules helps you make informed decisions; it’s not a way to predict the market.
#BTC