What Bear Market?
Nothing is really going on except waiting for this thing to take-off like a rocket
What bear market? Current BTC price dip still matches previous Bitcoin cycles, says analyst
“Analyzing new wallet addresses relative to price behavior, he showed that last year’s scenario — new address numbers making lower highs while price makes higher highs — is far from unique.
‘In 4 out of the 6 corrections we saw divergence where price made higher highs and new addresses made lower highs,’ comments on two posts read.
‘…To me, all 6 are running corrections, also supported by declining volume.’
That low volume has previously made headlines as part of concerns that BTC/USD may see unduly significant moves thanks to a lack of liquidity.
Overall, however, price behavior relative to Fibonacci levels has stayed well within historical norms, TechDev added, and there is thus no reason to assume that another all-time high will not come before a bearish phase ensues.”