Is the Cryptocurrency Bear Market Over?

After months of constant downward price action, many well-respected cryptocurrency analysts are taking to Twitter and social media to say why they believe the bear market is officially over.

Willy Woo is a well-known cryptocurrency twitter account and posted some reasons why he the suspect’s end of the crypto winter could be in. Woo initially commented on how Bitcoin just crossed the 200 Day moving average for the first time in a while.

In Bitcoin’s 10+ years of history, after crossing the 200 Day moving average for an extended period of time (around 6–8 weeks) it has gone on to make new highs. While the trader has not fully ruled out the end of the bear market, it’s certainly a promising sign to see Bitcoin cross the hard resistance of the moving average.

Conclusion

While these cryptocurrency influencers aren’t necessarily correct, it’s a promising sign to see some of the top minds in the space agree. In addition, we have plenty of infrastructure on the way supporting institutional and retail adoption. Do you think that the bear market is officially over? Let us know in the comment section!

Related posts:

Companies love numbers. They love to boast about their numbers and are constantly developing ways to measure even the most mundane things ranging from daily employee coffee intake to smoke breaks…

The irony of publishing this on a site where writers are competing with catchy headlines and alluring first line previews isn’t lost on me. But if it nudges even one person towards a more purposeful…

This issue of Deliberate Internet is one of those deep dives fueled by curiosity. This time it’s about science journals, Sci-Hub, Open Access, and the ugly underworld of academic publishing. I don’t…