There was this self-admitted Crypto Noob asking how long a bear market usually takes.
Now I read just the other day that bears take 18 months to destroy what bulls build up over 30 months. Of course, this is a very generic statement but letΒ΄s look at the data.
A crypto market cycle takes 4-years (at least till now). So if a cycle ends at the top, it takes about 1 year to reach the bottom. That bottom is followed by approx. six months of consolidation before the bulls take over.
Dec 2013 till Jan 2015 and then till Oct 2015 before moving up. That totals 1 year and 10 months
Following the 30 months logic, the new ATH would be in March 2018 (3 months later than the real ATH of 2018)
Dec 2017 - Dec 2018 and then consolidation till April 2019 a total of 1 year and 4 months.
That would but the next ATH 2 years and 6 months form April 2019 that would be right about Oct 2021 (one month earlier than the real top of 2021)
Three months late, one month early, details, details, details.
On average it makes sense
So based on the previous cycles the bears only need 18 months to tare things down. So how would that play out this cycle?
Nov 2021 - Nov 2022 and then consolidation till March 2023
This sounds so plausible it must be fake, guess we need to wait one more year to find out. Enjoy the bear market while it last guys, these prices ainΒ΄t coming back soon!
So anyone telling you what this dude in the meme is shilling is full Bull (Poo)
Have a lovely day, remember that hitting the like button is one of the few free things in life, and hope to see you tomorrow.
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The Crypto Weather Forecast is my daily take on the crypto market, sometimes serious, sometimes sarcastic, often with a wink, and Always Honest.
