Crypto Market in a Big Reversal Zone, Bull Market Restarting Soon? BTC Analysis 

The Market may See a Reversal in the Future 

Image from Nasdaq

Right now the cryptocurrency market is not in a good state. Everything has crashed horribly, and if you were invested into altcoins, you are likely down by about 50% from a week ago. Although the crypto market as a whole is down, there is still hope for a big reversal up to the $40k+ price range for BTC. 

Right now BTC is sitting at $36,365. This is not as bad as you may think. Yes, it is much lower than $42k, however, $36k is not bad for BTC because this means that we have crashed but are not yet in the bear market. If Bitcoin dips below $30k, that would indicate that we have likely entered the bear market and the price of BTC may fall all the way down to the $15k range—or maybe even lower—in that scenario! 

BTC All time

If you bought BTC at the $50k or $40k range don’t loose hope yet. The $30k-35k and $36k-$38k price ranges are really good reversal zones. This means that as long as we are at $30k-$40k, there is still a high chance that we will experience a reversal and jump back up to the $40k price range and perhaps restart the bull market.

If things go well, we may see the bull market restart in April and from there it may take a month or two to reach the $50-$60k price range. If things don’t go well and BTC falls below the $30k resistance area, investors should start worrying. Even for BTC, a bear market is extremely dangerous. In the previous bear market back in 2017, BTC went from an ATH of about $17k all the way down to about $3k and it took about 2-3 years to re-enter a bull market.

ETH All Time Price Chart

If you’re holding altcoins, the bear market will be absolutely ruthless. Back in 2017, as shown above, ETH reached a maximum of about $1300 and later went all the way down to as low as $88! BTC may not do that badly in a bear market, but it is safe to the money you put into most altcoins will likely loose 90%+ of its value in a bear market.

There is a chance that we may actually enter a bear market, but it’s more likely that we will see a big reversal because BTC has always been able to hold at $30k in the past. 

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Ali F
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