The 2014 Bitcoin bear market is the longest time period we have ever gone through at a approximately 420 days give or take a few days I believe. Currently if we continue on this trajectory for another month we will have endured the longest bear market in Bitcoin history. How much longer before bullish signs appear?
Some believe bitcoin is at its low, however Bitcoin is likely to drop once more before beginning the start of the next bull run. I will be looking for bitcoin to hit a low of $2500. There is a lot of patience awaiting the SEC decisions and further adoptions. Bitcoin needs an injection of fuel to explode. Although bitcoin has popularity it is still only amongst those into the breakthrough revolution. As more mainstream adoption and ease of usage arise new money will arrive not to mention the big money from investment management groups. Recently Switzerland officials in the banking industry announced a closer look and incorporation of crypto into the managment of its members funds to enter and evolve with the times as crypto is not just a trend or small wave. Crypto is here and here to stay.
I personally will just be accumulating in small amounts through the purchase and sale of Altcoins that are primed to purchase and will be having small bulllish activity. Until the next bull run, thanks for reading!!