Bitcoin: the problem with this “bear market” definition. Bitcoin has recently suffered a significant drop of nearly 50% from its highs to its lows. Many commentators have quickly jumped on the bandwagon of calling this drop a “bear market”. It seems as though history has been forgotten in chart analysis of bitcoin. This is not the first time that bitcoin has dropped more than 20% – it has happened before many times, specially during the bitcoin bull market from 2015 to 2017. So we need to be cautious in how we define things like “bear” and “bull” markets. Therefore, we need to ask what is a better definition of a “bear market” and why? Let’s look at the charts and try to make sense of this. #Bitcoin #BTC #AlessioRastani
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