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Will Bitcoin keep falling in the bear market How much will it f

Date:2024-07-12 19:15:48 Channel:Wallet Read:

In the digital currency market, Bitcoin has always been the focus of much attention. Especially in the bear market, people are more concerned about the trend of Bitcoin. Will the bear market continue? How long will Bitcoin continue to fall? These questions have touched the nerves of investors and have also triggered widespread discussion and speculation. Let's take a deep look at the trend of Bitcoin in the bear market and see the mysteries and possibilities.

Bear market is a common term in the digital currency market, referring to the state of continuous price decline. In a bear market, investor sentiment is generally depressed and market confidence is insufficient, resulting in a continuous decline in asset prices. Bitcoin, as one of the most well-known cryptocurrencies, is also difficult to escape the impact of the bear market. So, will Bitcoin continue to fall in the bear market? This depends on the combined effect of multiple factors.

First, the global economic situation has a direct impact on the price of Bitcoin. Economic downturns often lead investors to seek safe-haven assets, and Bitcoin, as a decentralized digital currency, is considered to have certain safe-haven properties. Therefore, in the context of increasing global economic uncertainty, the price of Bitcoin may be supported to a certain extent to avoid excessive declines. For example, the Sino-US trade friction in 2019 plunged the global economy into uncertainty, and the price of Bitcoin rose to a certain extent during this period, showing its potential as a safe-haven asset.

Secondly, regulatory policies are also an important factor affecting Bitcoin price fluctuations. Different countries have different regulatory policies on digital currencies. Some countries have taken severe measures to suppress digital currency transactions, while others have encouraged the development of the digital currency market. Changes in regulatory policies often trigger market fluctuations, which in turn affect Bitcoin prices. For example, the Chinese government has repeatedly issued policies to ban Bitcoin transactions, resulting in large fluctuations in Bitcoin prices. Therefore, changes in regulatory policies have an impact on the trend of Bitcoin prices that cannot be ignored.

In addition, market sentiment and investor mentality will also have an important impact on Bitcoin prices. In a bear market, investor sentiment is generally depressed and market confidence is insufficient, leading to increased selling sentiment, which in turn exacerbates the decline in Bitcoin prices. However, as market sentiment fluctuates, Bitcoin prices may also rebound. Investor mentality and emotional changes are often one of the important driving forces of market fluctuations.

In general, the trend of Bitcoin in a bear market depends on the combined influence of multiple factors, including the global economic situation, regulatory policies, market sentiment, and investor mentality. Although the price of Bitcoin may continue to fall for a period of time in a bear market, it is not certain that it will continue to fall. Investors need to maintain a cautious and optimistic attitude, pay close attention to market dynamics, and make rational investment decisions.

In a bear market, the price of Bitcoin fluctuates violently, and investors need to remain highly vigilant and avoid blindly following the trend. At the same time, we must also pay attention to market risks, rationally allocate assets, and reduce investment risks. Only on the basis of a deep understanding of the market and asset characteristics can we make wise investment decisions, seize investment opportunities, and realize wealth appreciation.

In general, the trend of Bitcoin in a bear market is full of uncertainty, and investors need to maintain a rational and calm mind and make wise investment decisions. Only on the basis of a comprehensive understanding of the market and asset situation can we better grasp investment opportunities and realize wealth appreciation. I wish every investor to overcome difficulties and succeed in the digital currency market!

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As we all know, bear markets represent the scariest period in any investment cycle, as they often bring uncertainty to investors, especially for newcomers. In a bull market cycle, investors will definitely make a profit, while in a bear market, investors will also be unimaginably pessimistic. In recent times, the crypto market has been very sluggish and has ushered in a bear market. Bear markets are usually associated with the global economy. Where there is a bear market, there is either a continued economic collapse or an impending collapse. So will Bitcoin continue to fall in a bear market? Everyone wants to know how much Bitcoin will fall in a bear market? Let the editor of the currency circle analyze it for everyone.

 Will Bitcoin continue to fall in a bear market?

Bitcoin will continue to fall in a bear market, but the bear market should not last too long. However, there will be a bull market when there is a bear market. Bear markets and bull markets are corresponding concepts. There will also be good and bad markets in a bear market. In essence, the continued decline in prices from recent highs is not the only indicator of a continued bear market. Investors must also consider other economic indicators. This is to enable them to understand whether a bear market is taking place. Some of these indicators include interest rates, inflation, and employment or unemployment rates, among others.

However, the relationship between the economy and bear markets is simpler than that. When investors notice that the economy is shrinking, it is widely expected that corporate profits will soon begin to decline as well. Moreover, this pessimism causes them to sell assets, which pushes the market lower. As Scott
Nations, author of "The Anxious Investor: Mastering the Mental Game of Investing," says, investors often overreact to bad news.

In any case, bear markets are shorter than bull markets. According to a recent CNBC report, bear markets last about 289 days. However, bull markets can even exceed 991 days. In addition, the average loss from a bear market is 33%, according to Invesco data analysis reports. Therefore, down cycles are usually not as impressive as the average gain of 159% in a bull market.

 How much will a bear market fall?

Bitcoin continued its decline today. This morning, its price fell below $22,000 to $21,391. In the past 24 hours, Bitcoin has fallen by 16.5%, reaching its lowest level since December 2020, and the cryptocurrency market has further fallen into a bear market. Some analysts in the market currently believe that the short-term market conditions for Bitcoin do not look optimistic. In the worst case, Bitcoin may fall to $8,000.

At the same time, Ethereum fell nearly 17% to $1,121; Binance Coin (BNB) fell 12.8% to $209; Cardano (ADA) fell 4.6% to $0.44; Ripple (XRP) fell 10.3% to $0.29; Solana (SOL) fell 8.6% to $26.51.

The weak market of Bitcoin has triggered a chain reaction, which has caused many competing coins and DeFi tokens to fall into a sharp correction. According to data from Coingecko, the overall cryptocurrency market value has dropped to $94.2 billion, breaking the $1 trillion mark this morning.

At present, Bitcoin has fallen below its realized price, indicating that Bitcoin is severely oversold, which may mean that Bitcoin is getting closer and closer to the bottom. An analyst under the pseudonym Whalemap has put forward insights on this and believes that Bitcoin may fall further next. Whalemap has released a chart showing that the support level previously established by Bitcoin may now turn into a resistance level.

Whalemap pointed out that Bitcoin has fallen below the key realized price support, which may become a new resistance. $13,331 is the ultimate and most painful bottom. Another analyst, Francis Hunt, believes that Bitcoin may fall to a low of $8,000 before it really hits the bottom.

The above content is the specific explanation of the editor of the currency circle on the two questions of whether Bitcoin will continue to fall in the bear market and how much it will fall in the bear market. As investors, we cannot prevent adverse market conditions or changes in the economy as a whole, but there are many things we can do to protect our investments. Generally, for investors who have a variety of assets in their portfolios, the impact of a bear market may not be so severe. When a full bear market comes, asset prices usually plummet, but these assets do not necessarily plummet by the same amount, so this valuable strategy can ensure that investors have winners and losers in their assets during a bear market, and the total loss of the portfolio can be minimized.

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