In the past few months the sharp decline in Bitcoin's price is in the resistance range of 4,000 to 6,000 USD so after the price falls below 4,000 USD, it may cause the market to lose momentum recently.
According to Puell, the e-money analyst said that the bottom of Bitcoin will appear when the sell-off peaks, bears lose leverage and the market begins to "burn out." He added: "With the current downtrend, the peak of the sell-off may occur in December this year or February 2019."
Willy Woo, Woobull.com founder also predicts that the bear market will end in the same time frame. He announced that the bottom of Bitcoin will appear in mid-2019 based on basic indicators such as trading volume and user activity.
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Interesting opinion