Calling a market bottom is impossible, but traders can use these five indicators to get an early signal of when a bear market is close to ending.
The bull market is gone and the reality of a long crypto winter is surely giving traders a bad case of the shivers. Bitcoin’s (BTC) price has fallen to lows not even the bears expected, and some investors are likely scratching their heads and wondering how BTC will come back from this epic decline.
Prices are dropping daily, and the current question on everyone’s mind is: “when will the market bottom and how long will the bear market last?”
While it’s impossible to predict when the bear market will end, studying previous downtrends provides some insight into when the phase is coming to a close.
Here’s a look at five indicators that traders use to help know when a crypto winter is coming to a close.
The crypto industry begins to recover
One of the classic signs that a crypto winter has set in is widespread layoffs across the crypto...
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