https://bitcoinwisdom.com/markets/poloniex/xmrbtc
https://i.gyazo.com/08062cedc9363e2f451bb9a702c42dac.png
It is always healthy to look at charts with a long interval from time to time to see what trend they are in. Monero seems to be in a downward trend,
a bear market.
That is almost 2.5 years chart that miss only few months. And this 2.5 years cart shows Monero bull trend . I dont know how you see bear trend here if price increased 10 times in 2.5 years.
OP is asking about bear trend that is going on from start of January when Monero was $18.
What is that yellow line?
My answer is that if Bitcoin will stay strong we will not see Monero much lover as it is now.
Mr @qwizzie this is a bear trend
https://i.gyazo.com/d5fde7ba877462450a3266df5ec2f4ff.png