Is Bitcoin heading into another long-term bear market in the cryptocurrency world?

We love patterns, right? Traders often look for repetitive elements in a market when predicting future trends. Here is a comparison between 2014-2016 and 2018. Take a look for yourself:

2013/14:

Screen Shot 2018-03-25 at 12.29.21

2017/18

Screen Shot 2018-03-18 at 19.54.35

 

Is it the same pattern happening almost twice as fast or are they completely different situations?

 


Article written by Tim Copeland

None of this is financial advice. I take no responsibility for any decisions you may make.

Disclaimer: The owner of the sites owns various cryptocurrencies that may include the topic of the article. His main holdings are in XRP, DGB, NANO.

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To exchange for Ripple (XRP), NEO (NEO) or Litecoin (LTC), sign up to Binance.

If this post has informed you or helped in any way, feel free to donate ETH to 0x8c854F441248936BD12EB32373bb16Aa99129483

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