Six Bitcoin Signals Point To A Possible End of the Bear Market

Is the bear market coming to an end? Many signals observed during previous reversals are beginning to reappear in the market. Denny Galindo, from Morgan Stanley Wealth Management’s Global Investment Office, identified six of them, from the cycle calendar to bitcoin mining difficulty. However, not all are green. Some indicators remain far from the levels reached during past lows. Between historical similarities and persistent anomalies, the market might be entering a renewal without having fully left the bear market yet.

In brief

The crypto market calendar approaches previous bear market exits

Across the four complete cycles observed so far, cryptos have followed a sequence of about four years, with three years of bull market followed by a bear market lasting 12 to 14 months. Galindo describes this succession as four seasons of crypto.

The current calendar specifically approaches the period when spring appeared during previous cycles. Historically, this started 17 months before the next halving, or 12 to 14 months after the previous peak. September of this year is therefore 17 months prior to the next halving and 11 months after the last peak.