Time to new lows in bear markets
"And one thing to remember, and I I just want to kind of remind people of this, is that it it it often can take about 20 weeks, plus or minus a few weeks, in bear markets to set new lows."
ℹ️ In shortIn bear markets, it often takes about 20 weeks to set new lows.
Predictions closed
For informational purposes only. Not investment, financial, legal or tax advice. Full disclaimer
… ow, the the the natural time to dunk on the bears is in these countertrend rallies. And um and then those people finally get the memo when the market drops, they panic sell, and then the market has another countertrend rally, and then they get mad at the people that told them it was a countertrend rally before the drop. So it it is a brutal cycle. And one thing to remember, and I I just want to kind of remind people of this, is that it it it often can take about 20 weeks, plus or minus a few weeks, in bear markets to set new lows. And so while one of the prevailing narratives for Bitcoin this year has been that these countertrend rallies are different, and that, you know, it it we shouldn't rely on the past, uh because the narratives are different this time. But if you look at at prior bear market rallies, like if you look at the one in 2022 before a new low, it took about …
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