When will the short-term bear phase end?
Predicting the exact end of this bearish trend is challenging. However, some analysts believe that the market may start showing signs of recovery around the end of September to early October. This prediction is based on historical patterns, where the market usually sees a recovery after the Bitcoin halving event. Bitcoin halving usually occurs every four years and has historically been a catalyst for bullish trends in the cryptocurrency market.
The cryptocurrency market has been riding waves of volatility, as seen in the recent Bitcoin (BTC) price swings. The price of Bitcoin dropped below the $50,000 mark before recovering to higher levels, reflecting the volatile and dynamic nature of the market. This volatility is not limited to Bitcoin; the altcoin market also reflected this initial instability but has since regained stability.