Are We Entering A Multi-Year Bear Market?

Cryptocurrency by Sal Miah  | 6 days ago
2 min read

Is a multi-year bear market even possible? Twitter Trader, Escobar believes so.

The possibility of a multi-year bear market was floated by NewsBTC.

Bitcoin was experiencing tough times during the first quarter of 2019. The markets remained bearish before it picked up towards the end of the first quarter.

It was during the bearish market that the multi-year bear market was suggested by NewsBTC in an article quoting competent crypto analysts.

Always Prepare For Every Outcome

Bitcoin rose impressively during the second quarter of the year as per the chart. Highs and lows were experienced in the market during the third quarter of 2019.

Source: CoinMarketCap

We’re in the fourth quarter with the chart indicating possibly a downward trend for Bitcoin.

The bear market may be upon us again, and this time, it may drag well into 2020 if given a chance. Already, unpredicted losses have occurred. Some days have been cruelling for Bitcoin, recording even losses of close to $2,000.

Could it be that a new bear market is heading into 2020? Only time will tell.

As We’ve Seen Before, Anything Is Possible In Crypto

Bitcoin may experience a temporary setback, maybe even into 2020. However, certain factors may trigger a rapid increase.

Talks on the looming financial crisis, the planned Bitcoin halving and other economic factors seem to point towards cryptocurrencies as a haven or a store of wealth.

Even with this, it is still possible that Bitcoin may continue to crash well into 2020.

Nonetheless, hope lies in the long-term. Bitcoin will likely be worth a lot more in the next 3-5 years. Thus, traders need to consider all factors before making any sales or purchases.

 

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