Taken into account the avg length of a bear marked and the current sentiment, I beleave that this Bear market is going to continue till at least Autumn this year.
BITTREX:SCBTC
Just look at the chart and how nicely it plays out. No signs of bearish diversion yet also, not much possible resistance level in sight. But as always, set ur SL! nothing is guaranteed!
This chart is intendedly not very technical to keep it simple. It presents a direction where we are heading pricewise. Keep in mind that there will be less bitcoin generated going forward and probably more bitcoins being lost and frozen forever. This and the fact that Bitcoin gains more significant as a store of value will help supporting the trend line.
