The bear market in crypto is over, and there's a major tell as to why.
Everyone likes to point to trend line breaks, past market cycles, number of days, etc to point out why they think the bear market is over.
I have one very simple reason why I think it's over.
Tether.
Specifically, the tether news that dropped several days back...
You know, the one about how Bitfinex was borrowing money from Tether to cover their own liquidity issues.
Anyways, had that news dropped in February of 2018, bitcoin would have dropped by 50%.
What happened this time around?
Bitcoin barely sneezed, dropping 5% or so, only to recover all of it in the next couple days.
That is textbook bull market action.
Bad news really isn't that bad, and good news is super good news.
(Source:
)https://twitter.com/TuurDemeester/status/1124048688010211338
- TuurDemeester
That is exactly why I think the next bull market has already started folks.
Enjoy the next 2+ years!
Stay informed my friends.
-Doc