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    Another Crypto Winter Bear Market Not Coming Until Bitcoin's Peak in 2021

    • Crypto Spring: 2019 marks over 100% returns till now
    • Bitcoin’s current drop is just a retracement not reversal
    • Bitcoin will go as low as $5,500 at most before it starts trending up yet again

    Bitcoin has gone through many bear and bull cycles over the years. The first one was during September 27, 2010 – June 8, 2011, that saw 49,233% gains only to drop down 93.07%. Then in 2012, we surged 11,119% only to drop 71% in 2013.

    In the second half of 2013, that is from July 5, 2013, to December 4, 2013, we went up by 1,629% to crash 84% in 2014.

    The most recent and memorable bull cycle is the 2017 one when the world’s top cryptocurrency surged to $20,000, marking a new all-time high (ATH) in December. After topping out in mid-Dec, the price started falling leading towards the bear market.

    2018 was the year of brutal winter where Bitcoin lost about 84 percent of its value by crashing to $3,150 in December 2018.

    Crypto Spring: 2019 Marks over 100% Returns Till Now

    Now, since entering into 2019, Bitcoin is enjoying amazing greens as we are up 114 percent till date in 2019 with the month May turning out to be the biggest green month registering a whopping 60 percent gains since November 2017. As we reported, experts have called it to be the crypto spring season as prices start turning green.

    In 2019, we made our journey from $3,900 to climb to $4,200 in late February only to trade below this level in March. The next month in April we registered a spike when Bitcoin price breached $5,500 level and then entering the month that experienced the monster rally and jumped to $9,100.

    Since then, however, we have dropped some as at the time of writing, BTC/USD has been trading at $7,916 with 24 hours loss of 0.58 percent.

    Retracement not Reversal

    At one point in June, we dropped even below $7,400 that got the community a bit concerned regarding if we are to enter into a bear market yet again. However, that’s not the case as the leading cryptocurrency is just making a retracement and not reversing the current trend which is bullish.

    These retracements also aren’t anything new. As crypto investor and trader Josh Rager have pointed out before these retracements are actually ‘buy the dip’ opportunities. During the last bull cycle, Bitcoin went through about nine of these retracements of over 30 percent.

    But the exciting thing about these pullbacks is the returns that follow them. The average gain after a 30 percent pullback has been 153 percent before we make yet another strong pullback.

    This time as well, Rager emphasizes that we won't be seeing another bear market happening so fast and it will come only once Bitcoin make a new ATH in 2021.

    “The down for a year isn't practical based on bull markets last 2x to 3x longer than bear markets, which means, we'll see it peak out in 2021 imo and no bear market until after that.”

    As for the retracement, Rager says Bitcoin will go as low as $5,500 at most before it starts trending up yet again.

    Bitcoin’s price is $8,357.00 BTC/USD exchange rate today. The real-time BTC market cap of $151.91 Billion currently ranks #1 with a chart dominance at 64.79%, daily trading volume of $5.38 Billion and live coin value change of BTC -3.54 in the last 24 hours.

    Live Bitcoin (BTC) Price:

    1 BTC/USD =$8,356.9980 change ~ -3.54%

    Coin Market Cap

    $151.91 Billion

    24 Hour Volume

    $5.38 Billion

    24 Hour VWAP

    $8.5 K

    24 Hour Change

    $-296.1110

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    AnTy
    AnTy
    AnTy has been involved in the crypto space full-time for over a year now. Before his blockchain beginnings, he worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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