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THIS IS THE LONGEST BEAR MARKET IN THE HISTORY OF CRYPTOCURRENCY
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☆Some experts argue that the current dip in cryptocurrencies like $BTC , which is currently trading at around $29,437, may not actually be the longest-ever bear market. In fact, some say it might not even be a bear market at all.
☆For instance, Michaël van de Poppe, the founder of MN Trading, claimed that Bitcoin is in its longest bear market ever. He pointed out that Bitcoin's price is significantly lower than its peak in November '21, down more than 50%, and has been in a bear market for 490 days.
☆It's important to note that the term "bear market" can have different interpretations in the world of cryptocurrencies.
Words of a great expert:
“Thing is, the terms ‘bull’ and ‘bear market’ are entirely subjective,” Quantum Economics founder Mati Greenspan told Cointelegraph. “It can mean either the price has moved in the past or that the price is expected to move in a certain direction in the future,” Greenspan said,
Adding:
“The ambiguity creates endless opportunities for analysts to make pointless arguments in perpetuity.”
