A market trend is the overall direction that the market is going. In a bear market, prices are generally declining. Bear markets can be a challenging time to trade or invest in, especially for beginners.
In this article, we’ll discuss what a bear market is, how you should prepare for it, and how you may be able to profit in it.
What is a bear market?
Bear market examples
Bitcoin price crashes after the 2017 bull market.
And before the 2018 bear market, Bitcoin experienced an 86% drop in 2014.
Bitcoin price crashes 86% from the 2013 top.
As of July 2020, the range of the previous bear market low around $3,000 have been retested but never broken. If that low would have been breached, a stronger argument could be made that a multi-year Bitcoin bear market is still underway.
Bitcoin retesting the range of its previous bear market low.