Here's When Analysts Think the Crypto Bear Market Could Finally End


The crypto bear market has perplexed analysts, but recent short-term Bitcoin and altcoin gains have reignited investor hopes. 


The global cryptocurrency market has been in a drawn out downtrend, with prices of top cryptos left in tatters following the collapse of FTX. The top two coins, Bitcoin and Ethereum are so far down by over 20% and 30% respectively this month.


While short-term gains offered the market a bit of respite in the bearish winter, there are few clear catalysts for a price rise in the near future. This, however, has not deterred analysts from speculating whether the bear market is close to an end or not. 

The crypto market cap is now at $828.74 billion, appreciating by 5.93% over the last day, fueling some traders’ hopes.


Crypto Bear Market Recovery on the Cards


Pseudonymous analyst and trader SmartContracter told his 214,000 Twitter followers that macro cycle-wise, BTC seemed to be pretty close to a bottom. Bitcoin price near the bottom could mark the end of the bear market. 


Basing their thesis on the BTC three-day chart, the analyst believed that the price is starting to look like there is an ending diagonal forming to finish the bear market ABC pattern.

Analyst RektCapital told his 330,000 followers that exchange contagion had become a historical tendency. It occurs close to the absolute BTC bear market bottom. He further said that in previous BTC cycles, it was Bitmex that caused the fall. Prior to that, it was Mt Gox, and this time it is FTX. 

Pseudonymous analyst On-Chain College looked at the BTC Mayer Multiple chart to highlight periods where Bitcoin was oversold compared to its 200-day moving average. The analyst said that such periods are marked with fear, dejection, and anger.


The analyst also added that such periods have historically provided some of the best long-term value zones from where a positive rebound has happened. 


Analyzing the Bottom


Analyst TradingShot, in a TradingView post, highlighted that two weeks ago, BTC saw the strongest weekly volume in over a year. The same could signal a trend reversal to bullish. 

BTC one-week chart | Source: TradingView 


The analyst pointed out that, on a one-week chart, a drastic rise in volume tends to be associated with trend reversals on the Bitcoin chart. The trade volume spike was seen between Nov. 19, 2018, and May 13, 2019, and was the bottom formation of that bear cycle.

However, analyst Ecoinometrics suggested that bad news could still hit BTC in certain stressful financial conditions. 


Over the past 13 years, Bitcoin has only experienced trying financial conditions a handful of times. Thus, the analyst expects more bad news to come. 

Disclaimer: BeInCrypto strives to provide accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. You comply and understand that you should use any of this information at your own risk. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.


DisclaimerAll the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.


Source : Here's When Analysts Think the Crypto Bear Market Could Finally End logo


240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata ICO Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma


The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested.

Automata ICO Limited, a Company incorporated in Ireland with its registered office at 3rd Floor Ormond Building, 31-36 Ormond Quay Upper, Dublin 7, D07 Ee37, Ireland registered in Ireland under number 690280 has applied for a Virtual Asset Service Provider registration with the Central Bank of Ireland. Whilst the application is ongoing, we are permitted to continue business as a Virtual Asset Service Provider in line with the Central Bank of Ireland's regulatory disclosure statement as required under section 106L of the CJA 2010 in relation to registered VASPS.

Automata ICO Limited, a Permanent Establishment incorporated in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act.