{"id":507164,"date":"2022-10-20T17:00:58","date_gmt":"2022-10-20T17:00:58","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=507164"},"modified":"2024-06-11T08:05:02","modified_gmt":"2024-06-11T08:05:02","slug":"bitcoin-bottoms-the-psychology-of-bear-markets","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/bitcoin-bottoms-the-psychology-of-bear-markets\/","title":{"rendered":"Bitcoin Bottoms: The Psychology Of Bear Markets"},"content":{"rendered":"

The chase for the bitcoin bottom is still on since the digital asset fell below its $20,000 price level. Given that the bear market has not been long in the making, it stands to reason that the bull market isn\u2019t here just yet. However, being able to pinpoint when the cryptocurrency has reached as low as it will go can help make smart investment choices and the previous bear trends can shine a light to how it might play out.<\/p>\n

Previous Bitcoin Bear Markets<\/h2>\n

The most recent bitcoin bear markets point towards some important trends that may occur before a bitcoin bottom is established. The 2018 bear market and 2014 bear runs helped to shine a light on what to keep an eye on as the crypto winter rages on.<\/p>\n

Related Reading: Aptos (APT) Ranges Just Above $8, Is It Time To Dump Those Airdrop Tokens?<\/a><\/div>\n

One of the very first things to look at is how long the previous bear markets had actually lasted. In the last two bears, it seems that the amount of days that passes before the market bottoms out is getting lower. 2014 saw a total of 407 days before a bitcoin bottom was established, while it was only 364 days in the 2018 bear market. Given this, it is possible to expect that the duration before the market bottom might be lower this time around but it also shows that the market is likely not there yet.<\/p>\n

\"Bitcoin<\/p>\n

BTC bear market trends | Source: Arcane Research\u00a0<\/a><\/pre>\n
To hit such figures, the market would need to reach December, which is likely when bitcoin would begin to reach its bottom. If history repeats itself, then what would follow would be a stretched-out period of unusually low volatility, which is when investors are presented with the best opportunity to purchase coins.<\/p>\n
Another thing is the performance of the on-chain indicators as they are usually low around when bitcoin reaches its bottom. As reported by Bitcoinist<\/a>, these on-chain metrics hit a long-term bottom, which could help point towards a bottom, or at least an approach to a bottom. The same was the case during the previous bear markets and the current levels align with those same levels.<\/p>\n
\"Bitcoin<\/p>\n
BTC trending at $19,200 | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Low volatility in bitcoin also points toward this. For example, back in 2014, the low volatility range lasted for 280 days, while 2018\u2019s lasted for 130 days. It also follows the trend of a decline in the number of days required to reach a bottom. The current BTC low volatility has now lasted for around 121 days.<\/p>\n
Related Reading: Bitcoin Correlation With Macro Remains Strong, Despite Stability<\/a><\/div>\n
Now, these metrics is not an exact science since they are not the only factors that go into determining the end of a bear and the beginning of a bull market. The most important thing is perhaps the most unpredictable one, which is human sentiment. In the end, bitcoin\u2019s price will respond to the supply and demand balance in the market.\u00a0<\/span><\/p>\n
Featured image from Analytics Insight, charts from Arcane Research and TradingView.com<\/pre>\n
Follow <\/i><\/b>Best Owie on Twitter<\/i><\/b><\/a> for market insights, updates, and the occasional funny tweet\u2026<\/i><\/b><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"
The chase for the bitcoin bottom is still on since the digital asset fell below its $20,000 price level. Given that the bear market has not been long in the making, it stands to reason that the bull market isn\u2019t here just yet. However, being able to pinpoint when the cryptocurrency has reached as low as it will go can help make smart investment choices and the previous bear trends can shine a light to how it might play out. Previous Bitcoin Bear Markets The most recent bitcoin bear markets point towards some important trends that may occur before a bitcoin bottom is established. The 2018 bear market and 2014 bear runs helped to shine a light on what to keep an eye on as the crypto winter rages on. Related Reading: Aptos (APT) Ranges Just Above $8, Is It Time To Dump Those Airdrop Tokens? One of the very first things to look at is how long the previous bear markets had actually lasted. In the last two bears, it seems that the amount of days that passes before the market bottoms out is getting lower. 2014 saw a total of 407 days before a bitcoin bottom was established, while it was only 364 days in the 2018 bear market. Given this, it is possible to expect that the duration before the market bottom might be lower this time around but it also shows that the market is likely not there yet. BTC bear market trends | Source: Arcane Research\u00a0 To hit such figures, the market would need to reach December, which is likely when bitcoin would begin to reach its bottom. If history repeats itself, then what would follow would be a stretched-out period of unusually low volatility, which is when investors are presented with the best opportunity to purchase coins. Another thing is the performance of the on-chain indicators as they are usually low around when bitcoin reaches its bottom. As reported by Bitcoinist, these on-chain metrics hit a long-term bottom, which could help point towards a bottom, or at least an approach to a bottom. The same was the case during the previous bear markets and the current levels align with those same levels. BTC trending at $19,200 | Source: BTCUSD on TradingView.com Low volatility in bitcoin also points toward this. For example, back in 2014, the low volatility range lasted for 280 days, while 2018\u2019s lasted for 130 days. It also follows the trend of a decline in the number of days required to reach a bottom. The current BTC low volatility has now lasted for around 121 days. Related Reading: Bitcoin Correlation With Macro Remains Strong, Despite Stability Now, these metrics is not an exact science since they are not the only factors that go into determining the end of a bear and the beginning of a bull market. The most important thing is perhaps the most unpredictable one, which is human sentiment. In the end, bitcoin\u2019s price will respond to the supply and demand balance in the market.\u00a0 Featured image from Analytics Insight, charts from Arcane Research and TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026<\/p>\n","protected":false},"author":541,"featured_media":507168,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,7104,27251,679,1119,1144,78790],"class_list":["post-507164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-bear-market","tag-bitcoin-bottom","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nBitcoin Bottoms: The Psychology Of Bear Markets<\/title>\n<meta name=\"description\" content=\"The chase for the bitcoin bottom is still on since the digital asset fell below its $20,000 price level. 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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/shenyangcang.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Bottoms: The Psychology Of Bear Markets","url":"http:\/\/shenyangcang.com\/news\/bitcoin-bottoms-the-psychology-of-bear-markets\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/shenyangcang.com\/news\/bitcoin-bottoms-the-psychology-of-bear-markets\/"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2022\/10\/bitcoin-bear.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2022\/10\/bitcoin-bear.jpeg?fit=900%2C500"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin bear market","bitcoin bottom","bitcoin price","btc","btcusd","btcusdt"],"dateCreated":"2022-10-20T17:00:58Z","datePublished":"2022-10-20T17:00:58Z","dateModified":"2024-06-11T08:05:02Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Bottoms: The Psychology Of Bear Markets\",\"url\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/bitcoin-bottoms-the-psychology-of-bear-markets\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/bitcoin-bottoms-the-psychology-of-bear-markets\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/bitcoin-bear.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/bitcoin-bear.jpeg?fit=900%2C500\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin bear market\",\"bitcoin bottom\",\"bitcoin price\",\"btc\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2022-10-20T17:00:58Z\",\"datePublished\":\"2022-10-20T17:00:58Z\",\"dateModified\":\"2024-06-11T08:05:02Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/shenyangcang.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2022\/10\/bitcoin-bear.jpeg?fit=900%2C500","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/507164"}],"collection":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/comments?post=507164"}],"version-history":[{"count":0,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/507164\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media\/507168"}],"wp:attachment":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media?parent=507164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/categories?post=507164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/tags?post=507164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}