Here we are again at a stage of division and doubt. Recent events across the entire cryptocurrency market have left people feeling exhausted, while the weak, choppy market has been suffocating.
Just a month ago, we were all convinced that this was the early stage of a bull market. But with Binance being hacked, the U.S. midterm elections, and the U.S. stock market crashing, it seems we’ve felt an even deeper chill.
Is the bull market still alive?
Since 2017, we’ve experienced three bull markets and three bear markets. Each time, the low point of a bull-market correction has coincided with the peak of the previous bull market. This time is no exception: the price corrected to around 60K, where a large bullish engulfing candle appeared on the quarterly chart—history repeating itself.
Ninth Brother still believes that 58K is the bottom of this bear market. We may just need to wait a little longer for the market to find a clearer rhythm again and emerge from this quiet, worrying state.
$BTC
Just a month ago, we were all convinced that this was the early stage of a bull market. But with Binance being hacked, the U.S. midterm elections, and the U.S. stock market crashing, it seems we’ve felt an even deeper chill.
Is the bull market still alive?
Since 2017, we’ve experienced three bull markets and three bear markets. Each time, the low point of a bull-market correction has coincided with the peak of the previous bull market. This time is no exception: the price corrected to around 60K, where a large bullish engulfing candle appeared on the quarterly chart—history repeating itself.
Ninth Brother still believes that 58K is the bottom of this bear market. We may just need to wait a little longer for the market to find a clearer rhythm again and emerge from this quiet, worrying state.
$BTC
