When is Bitcoin a bear market

When is Bitcoin a bear market? According to Coindesk analysis, Bitcoin prices have fallen by 30% in the past week. And what does it mean that the lowest price from the historical peak to the bear market is $30000 Since 2017, investors have always believed that the market is in a downturn. According to BitInfoCharts data, the price trend in January and February 2018 was consistent with the trend in 2019, when BTC fell by about 40%. But the situation seems different now, as there is a large amount of buying in the market. Therefore, this situation is changing: despite significant price fluctuations, holders can still purchase more digital currencies; If there is a significant increase or pullback, investors will sell their investment portfolio in exchange for a higher price. When the price of Bitcoin drops, investors will transfer some of their assets to other places, causing them to lose funds and resulting in losses

When did Bitcoin bear market

According to Bitcoin exchange guide, the bear market on November 3, 2018 occurred within a few days after Bitcoin reached its peak at the end of 2017.

. At that time, there were reports that Bitcoin had once fallen below the $20000 mark; But then it quickly rebounded to around $20000 and broke through this level in early 2019. From December 6 to the end of October 2018, Bitcoin prices fell by over 70%. Mid January and early April 2017 were the peak periods of a bear market, and most of 2017 was at a low point during a bull market. When similar situations occur in the market, the price of Bitcoin will significantly decline.