When Does The Crypto Bear Market End?

By Bfab | Good vibes | 24 Jun 2022

With Bitcoin (BTC) approaching again $21k and Ethereum (ETH) getting back to $1200, you may think the crypto bear market is over... However, it may be only a technical rebound. The war in Ukraine is still there, as well as the inflation. So, when does it end? CZ, Binance boss and creator of Binance Coin (BNB), recently said that it will take between a few months and two years for BTC to return to its previous All-Time High which is nearly 70k$...

However, the bear market will end before BTC returns to its ATH. Therefore, we must first of all define what a bear market is. According to Investopedia:

Bear markets occur when prices in a market decline by more than 20%, often accompanied by negative investor sentiment and declining economic prospects.

Therefore, no doubt we are in a bear market. Having said that, which indicators can we use to know when the bear market is over. According to Cointelegraph, there are 5 indicators:

1) Crypto industry starts to recover

A good sign that a crypto spring is approaching is when companies begin to hire again and new projects launch with notable funding announcements.

As most of the crypto firms announced layoffs last week, we can obviously say that we are still far from the end of the bear market...

2) BTC's 200 week moving average becomes support (and not resistance)

As this moving average is currently $22.33k and BTC is slowly returning back to $21k, we will have likely to wait for a few more weeks at least before it becomes a real support...

3) The RSI climbs back above 70 into overbought territory

It would signal that an increase in demand is back. As BTC's RSI is currently around 40, we also need to be patient there.

4) The market value to realized value (MVRV) Z-score climbs back above a score of 0.1

You need to click on the link above to understand what it means... We are still below this score.

5) BTC price climbs back above the 2-year moving average (MA) multiplier

This 2-year multiplier MA multiplier is currently above $36k: https://www.decentrader.com/charts/bitcoin-investor-tool-2-year-ma-multiplier/. Therefore, we are still far from this target, which also confirms that the end of the bear market is not for tomorrow

In summary

All the indicators are showing that it will take time to go out from the bear market, very likely a few months at least as already predicted by CZ.

Please find below a few links to earn a few coins in the meantime...