Bitcoin may be moving into the cycle's pre-bull market stage. Within a larger four year cycle, Bitcoin travels through several very unique periods

in bitcoin •  2 years ago 

We all have a general understanding of how a bull market period feels, as well as how a bear market phase feels.

It appears that we may be moving into the other phase of the cycle based on the charts, data, and prior tendencies.

the period before a bull market:

(Source: 100trillionUSD's tweet 1555836145489035265/photo/1)

Prices are no longer making lower lows during this phase, but they are also not significantly rising either.

With periodic falls that don't surpass the lows of the bear market, the price action is primarily horizontal with a minor positive tilt.

This stage precedes the upcoming bull market.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!