Will the cryptocurrency market usher in a 519 crash? Let's analyze it together by comparing historical data with the current situation.
In terms of time, the 519 crash in 2021 occurred after a long-term rise in Bitcoin, and this round of Bitcoin bottomed out in November 2022, and the increase has been less than 4 times so far, which obviously does not have the basis for a big drop. From the trend point of view, 2021 is in the process of bull market rise, and the current market is more like the stage of bull market turning into bear market.
But no matter what the market is, we should not panic, but overcome fear, maintain confidence and faith, and believe in the conversion of the bull and bear cycles in the cryptocurrency circle. With the increase in the number of global participants and professional institutions in the cryptocurrency circle, this bull market will only be more bumpy. We do not have professional skills and sufficient cognition, so in order to succeed in the bull market, we need to continuously improve our cognition and ability. Instead of being anxious and affected by the market, it is better to focus more on improving ourselves.
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