Bitcoin: The Bear Market Is Here

Are we in a bear market? I asked that question when Bitcoin (BTC) dipped below $30,000 back in July last year. If so, it would have been the shortest bull market in Bitcoin’s history. It used to be you could tell by the four-year cycle. But according to the four-year cycle, the bull market should have lasted at least into September and maybe November.

Then between August and November, Bitcoin (BTC) rallied to a new all-time high (ATH) of $69,000 on November 10. Maybe the four-year cycle was back. Many experts thought it would go above 100K by the end of December. Instead, it dropped. At times it would rally but still not get anywhere near the high in November. It would drop again, and rally again. The timing, one could argue, followed the four-year cycle.

I wrote a post earlier explaining why I think the four-year cycle may be dead. If it’s not dead, it certainly does not look like anything in the past. That being said, from November on is when we would expect a bear market. It could also be because traditional markets are down, inflation, supply-chain issues, the war in Ukraine, and all of that together seems to be pointing to a recession.

I came into crypto in a bull market. Now, whatever the cause(s), it looks like I’m going through my first bear market. Strategies have to change. What do you do with your crypto in a bear market? Everyone’s situation is different, so I can’t tell you what to do. I’ll let you know what I’m doing.