Bulls Beware: Bears Have Only Now Taken Control Over Bitcoin

Bulls Beware: Bears Have Only Now Taken Control Over Bitcoin


Debate surrounding if the Bitcoin bull market is over due to the recent correction is at a full boil, while many are already searching for a bottom of the current downtrend.

Bulls must be careful not to jump the gun due to buying the dip working so well over the last several months. Because bears have only just now taken control of Bitcoin, according to a trend strength measuring indicator.

Analyzing The Crypto Correction And The Possible End Of The Bull Market

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Bitcoin price is down by more 50% after a deep drop over the last month – among the worst monthly candles on record were left behind in the wake.

After such a steep correction and the last bull market never allowing more than a 37% retracement, more traders are looking for a bottom to buy rather than a bounce to short.

Related Reading | Two Paths Of A Bitcoin Bull Run, And If A Bear Phase Is

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