{"id":35084,"date":"2022-09-03T12:18:42","date_gmt":"2022-09-03T16:18:42","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=35084"},"modified":"2024-04-05T09:23:39","modified_gmt":"2024-04-05T13:23:39","slug":"heres-why-the-bitcoin-btc-bear-market-will-end","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/heres-why-the-bitcoin-btc-bear-market-will-end\/","title":{"rendered":"Here’s Why the Bitcoin (BTC) Bear Market Will End!"},"content":{"rendered":"\n
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Bitcoin Bear market <\/figcaption><\/figure>\n\n\n\n

Bitcoin (BTC) Bear Market<\/p>\n\n\n\n

Bitcoin<\/a>, the world's largest cryptocurrency by market capitalization, is currently \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>struggling to find its footing above $23,000.<\/p>\n\n\n\n

Plan B, on the other hand, has released his analysis on Bitcoin, which is currently trading below the realized price as well as the 200-week moving average. <\/p>\n\n\n\n

The 200-week moving average is a metric used to determine whether Bitcoin is in a bullish or bearish trend<\/use><\/svg><\/span><\/a>.<\/p>\n\n\n\n

This is the eighth time the flagship currency has reached this level since its inception.<\/p>\n\n\n\n

Plan B informs his 1.8 million Twitter followers in a new strategy session that the flagship currency is trading below the predicted trendline provided by stock-to-flow (S2F) as BTC is currently trading around $20,000 area.<\/p>\n\n\n\n

\n

What do you think #bitcoin<\/use><\/svg><\/span><\/a> price will be end of next year (Dec 2022)?<\/p>— PlanB (@100trillionUSD) December 29, 2021<\/use><\/svg><\/span><\/a><\/blockquote>

The Reversing Price Trend <\/h3>\n\n\n\n

<\/p>\n\n\n\n

The indicator, according to the strategist, claims that sluggish investors who lacked the funds or the belief to keep their assets have already given up and dumped their reserves.<\/p>\n\n\n\n

Meanwhile, many industry experts believe that the current market correction is similar to that of 2015, when Bitcoin fell but recovered quickly. <\/p>\n\n\n\n

related post: Bitcoin is like penny stock, says wolf of wall street<\/a><\/em><\/strong> <\/p>\n\n\n\n

Plan B, on the other hand, does not believe that theory and claims that this is different from 2015.<\/p>\n\n\n\n

This is because he claims that the realized price of the flagship currency was maintained above the 200-weekly moving average at the time, whereas Bitcoin's realized price is now below the 200-weekly moving average.<\/p>\n\n\n\n

Plan B, on the other hand, is optimistic about Bitcoin price momentum because he believes the current bearish trend will reverse.<\/p>\n\n\n\n

Bitcoin (BTC) Bear Market<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) Bear Market Bitcoin, the world’s largest cryptocurrency by market capitalization, is currently struggling to find its footing above $23,000. Plan B, on the other hand, has released his analysis on Bitcoin, which is currently trading below the realized price as well as the 200-week moving average. The 200-week moving average is a metric […]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5371,5392,152,202,132],"class_list":["post-35084","post","type-post","status-publish","format-standard","hentry","category-news","tag-bitcoin-2","tag-cryptocurrency-2","tag-bitcoin","tag-blockchain","tag-crypto"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/35084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=35084"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/35084\/revisions"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=35084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=35084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=35084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}