Bear Market

A bear marketA bear market is a term used to describe a prolonged period of time when prices of assets, including cryptocurrencies, are decreasing, and investor sentiment... is a term used to describe a prolonged period of time when prices of assets, including cryptocurrencies, are decreasing, and investor sentimentIn the context of trading, sentiment refers to the overall attitude or feeling of investors or traders towards a particular asset or market. It can... is pessimistic. During a bear market, traders typically sell their positions and refrain from buying until prices have reached their bottom. However, some traders may attempt to take advantage of the downturn by short-selling or using other strategies to profit from falling prices.

BitcoinBitcoin is like a digital treasure that you can use to buy things online. It's like having a secret code that only you know, and... has experienced several notable bear markets throughout its history. One such example was the period from late 2013 to early 2015, when Bitcoin’s price fell from an all-time high of over $1,000 to a low of around $200. Another example was the bear market that followed the 2017 bull run, with Bitcoin’s price dropping from a high of nearly $20,000 to around $3,000 in late 2018. During these bear markets, traders who were able to accurately predict the downtrend were able to profit by short-selling or using other bearish trading strategies.