Analysts Comparing Bitcoin Bear Cycles Have Signed Bulls For BTC!

As we approach the end of 2022, investors who spent almost a whole year waiting for a loss now want the bear market to end.

bitcoin and for investors who are looking forward to the rise after the sharp declines of the crypto market. Arcane ResearchA new report has come from.

Arcane Research said that bear markets are tiring and that the downtrend usually only lasts for about a year.

Before BTC Comparing bear market cycles with the current bear market, Arcane analysts said that the current bear cycle now matches the bear cycles of 2014 and 2018 in length.

“BTC’s bear market has now lasted for a comparable length to the 2014 and 2018 bear markets.”

Stating that the time to reach the bottom was 364 days in 2018 and 407 days in 2014, Arcane said that they foresee a period of 376 days from the peak to the bottom for the current bear cycle.

Analysts, who also compared previous market volume drops, “The crypto market fell 87% from $830 billion in January 2018 to $100 billion in December of the same year. However, despite the Terra/Luna and FTX collapse in the current bear cycle, the market volume drops are not that big.” said.

Considering that 386 days have passed from peak to bottom in the bear cycle as of the current date, according to analysts. bitcoinThe bottom was found about 10 days ago.

*Not investment advice.