A Trader Predicts a “Long Bear Market” for Bitcoin


According to renowned trading platform Altcoin Sherpa, existing market dynamics indicated that Bitcoin will likely perform poorly for the majority of 2022.

It said “And the bottom might not even come for another few months from today. Hunker down for a long bear market IMO.”

There is no indication of a substantial uptick or downtick in the price of BTC which is currently fluctuating at the 19k level, but volume data suggests that the bottom may arrive in a few weeks or less.