So far, there are no signs that the bear market is over, moreover, they are constantly trying to show us negative news that does not allow bitcoin to start its upward movement. I think that after this accumulation zone, we will have a final downward movement, but it is difficult to say where bitcoin will fall to what mark. But I wouldn't be surprised if we see a price of 10k.
Yes, there are still a lot of events that can affect not just bitcoin, but traditional market as well. The war between Russia vs Ukraine and it could still escalate even further till next year. And the longer we have this war, the longer that everyone will suffer. Although there is sign the some economies of other country is taking off post-Covid, most likely it will take a lot of time before we can fully recover, just saying. So the bear market will still continue in 2023 so we should prepare for the worst, because it will be unpleasant for the majority specially if we touch another lowest low.
Economic issues will definitely have an impact to us and every market as I have said. Every market is connected to each other, probably the same investors on both sides are playing their money here. So if we have bad economy around, people are not willing to invest because they want it to stabilized first.
on a certain situation which people whom do believe that this might be the start of the reversal which is something that dont happen most of the time.
There's no way we could able to determine if its already over or we are still needing to wait for more longer years or months to come.
Well if you look at it's past historical logs, the catalyst for a bull run is the block halving. So most likely bear market will continue next year but by 2024 around the first quarter of the next or after the block halving, we might see an end to this long bear market.