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In this Blog i will tell you the characteristics of Bearish Market In Cryptocurrency
Characteristics of Bear Markets:
1- Bear markets have consistent lower highs and lower lows (a downtrend) with occasional periods of consolidation that result in a continuation of said downtrend. This is called redistribution which we will get to later.
2- Bear markets break the uptrend line that carried the price from birth or the end of the last bear market to all time highs on both standard and logarithmic charts. This uptrend line should be drawn from the reversal point of the last downtrend through a minimum of three correction lows — not just as many lows as you can fit the line to. Drawing this correctly can be a bit tricky especially with something as volatile as bitcoin. I will describe this in detail later.
3- Bear markets experience a massive surge of volume (volume expansion) in the direction of the downtrend.
4- In traditional markets, bear markets on average last 365–540 days (12–18 months).
5- Bear markets are painful. These are recession and/or depression level events. Investors across the board lose all confidence in the asset. These are not to be confused with large market corrections or blow off tops, though either can turn into a bear market if they fail to reverse.
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