• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ripple CTO Steps Down, Accepts New Offer – What You Need To Know
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ripple CTO Steps Down, Accepts New Offer – What You Need To Know
bitcoin price bull market

This Macro Chart Shows Bitcoin Has Never Seen a Bear Market

Osato Avan-Nomayo
by Osato Avan-Nomayo
6 years ago
·
Posted in Markets and Prices, Bitcoin, Bitcoin Investment, Bitcoin Price, News, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

With bitcoin price never experiencing a lower yearly low, is it correct to say the top-ranked crypto has ever been in a bear market?


Has Always Been a Bull Market for Bitcoin

It is common to come across mention of narratives like “the 2018 bitcoin bear market.” Why, because the BTC price fell by close to 80% during the year.

However, the BTC low for 2018 was around the $3,100 price mark reached in December 2018 in the aftermath of Bitcoin Cash civil war.

Despite the BTC price [coin_price] ‘bubble’ popping in 2018, it still set a higher low than all other previous years. In fact, bitcoin has never set a lower yearly low.

Historical Bitcoin Performance

Viewing the BTC price action on a macro level, it seems somewhat accurate to say BTC/USD has never actually been in a bear market.

Commenting on the matter, Bitcoinist senior market analyst FilbFilb notes that bitcoin has never left the bull market on the macro level. He explained:

Yeah, it’s a bull market, still a bull market. Wasn’t ever a bear market. If bitcoin does not put in a lower low on the macro level, does it mean we never entered a bear market? On a macro level, I’m thinking the answer is yes.

Considering the Present BTC Price Action

So far in 2019, BTC has generally set higher lows. However, bitcoin failing to hold $7,500 during this current wobble, then that trend could be broken.

Major support for BTC currently lies even lower, somewhere around the mid-$6k mark. Back in mid-May, BTC broke $6,500 before pushing on to $9,100 less than a fortnight later.

Tweeting on Monday, bitcoin analyst Josh Rager declared that staying above $7,500 was critical to BTC experiencing a price pullback.

https://twitter.com/Josh_Rager/status/1135706303966437376

Retracements Are Pit Stops on the Bullish Circuit

With bitcoin spending the last few days hovering around the mid-$7k region, there is the inexplicable talk of the bull market being over. This is despite bitcoin’s 120% gain thus far in 2019.

But while bullish fatigue can result in notable pullbacks, the overall long-term trend for bitcoin price remains on an upward trajectory.

In fact, it is quite common for bitcoin bull-runs to experience 10 to 30 percent drops amid a parabolic rise. Using 2017 as an example, there were no less than eight of such temporary price retracements.

Right but bull runs have many 10-30% drops. Most consumers can't handle that type of PP vol.

And remember we also have exchange fee, and mental coordination costs.

— Dan Held (@danheld) June 6, 2019

During that period, BTC skyrocketed from $966 at the start of the year, topping out at nearly $20,000 in mid-December.

There are many factors that contribute to these retracements – profit scalping at certain price levels, value compression to create new entry points, etc.

The steep parabola created by such a sharp spike alone was ominous to experienced traders of a looming market correction but that hardly signals the end of long-term bullish advance.

As Bitcoinist reported, Bitcoin’s stock-to-flow model may be en route to a $100 trillion market cap that would exceed gold due to its set-in-stone scarcity that will become increasingly felt in the coming years.

Do you agree with the assertion that bitcoin has never been in a bear market? Let us know in the comments below.


Images via Shutterstock, Twitter @ChartsBtc, @Josh_Rager and @danheld

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Osato Avan-Nomayo

Osato Avan-Nomayo

Follow

When I am not knee-deep in cryptocurrency-related news, I am either attempting to beat my scrabble high score or internally debating an existential dilemma.

Full Profile

Related Posts

Bitcoin

Bitcoin As The New Battleground—Sweden Signals Interest In Joining The Race

12 hours ago
Tether wzmacnia rezerwy, kupując BTC warte miliard dolarów

Tether wzmacnia rezerwy, kupując BTC warte miliard dolarów

1 day ago
Binance bitcoin

Binance Founder Triggers Bitcoin Bull Run Expectations With Cryptic Tweet

1 day ago
Bitcoin

Historic Kimono Brand Changes Name To ‘Bitcoin Japan’ In Rebranding Move

2 days ago
crypto

Eric Adams, New York’s Crypto-Friendly Mayor, Won’t Seek 2nd Term

3 days ago
Bitcoin bull

Bitcoin Price Reaches ‘Critical Junction’: How A Rally To $139,000 Would Play Out

4 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • 狗狗幣引領『Uptober』Meme...

    46 minutes ago
  • ตัวละคร Snorter ขนฟูโต้คลื่นบนเซิร์ฟบอร์ดสีชมพู

    จับตา Uptober!...

    19 hours ago
  • Tapzi Delivers Strategy-Based Web3 Gaming, Setting It Up As One of 2025’s Best New Crypto.

    Tapzi Delivers Strategy-Based Web3 Gaming, Setting It Up As...

    1 day ago
  • най-добрите криптовалути

    Най-добрите криптовалути за...

    2 days ago
  • As the Tapzi Fundraiser Continues to Generate Buzz, Could It Be One of This Year’s Best Crypto Presales?

    As the Tapzi Fundraiser Continues to Generate Buzz, Could...

    2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.