Has Bear Market Started or Not?

A great state of fear in the market due to the general decline that occurred in the market, where Bitcoin fell and reached 46 thousand dollars, then rose a little today to reach 48 thousand dollars. Despite that, the weekly decline still exists, not only for Bitcoin, but for many Altcoins, but the question Here, did the Bear Market start, or are we just correcting?

Certainly this question is important, but before I answer it from my point of view, I would like to tell you that we are not in a good condition in the market in general and this is at the present time and my judgment on cryptocurrencies is currently and the market is for the current period and not completely.

And this is not limited to cryptocurrencies only, but to the general situation in which the world is living, starting with Evergrande and ending with the new mutator of the Corona virus, so you must think well with regard to investment or with regard to the withdrawal of investment as well.

Has Bear Market started or not?

But for me the bear marker has not started yet, we see a drop of 15% or 10% but this does not apply to the Bear Market which is very terrifying when the cryptocurrency drops by 80% or more than 50% and you find that the fear indicator has risen dramatically and started Many withdraw money.

In fact, this situation is like a partial collapse of the market, as many cannot bear this and no one can spread optimism. In fact, I do not hope that this will happen because it will greatly affect us in terms of trading and in terms of everything.

But in any case, we are still in a slight correction until the end of the month. I think we will continue in this case until we reach the beginning of next year, when a change may occur.

As I mentioned to you at the beginning, my judgment on the market is at the moment, but in the long term, do not worry at all because the cryptocurrency is in a continuous rise, and that is in the long term, and this is not my words, but the chart that says this.