{"id":409228,"date":"2019-12-30T16:00:00","date_gmt":"2019-12-30T16:00:00","guid":{"rendered":"https:\/\/wncen.com\/?p=409228"},"modified":"2019-12-30T15:25:22","modified_gmt":"2019-12-30T15:25:22","slug":"crypto-comeback-after-two-years-of-bear-market-bitcoin-and-ethereum-may-be-ready-to-rebound","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-comeback-after-two-years-of-bear-market-bitcoin-and-ethereum-may-be-ready-to-rebound\/","title":{"rendered":"Crypto Comeback: After Two Years of Bear Market, Bitcoin And Ethereum May Be Ready To Rebound"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">It was December 17, 2017, when <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> hit its all-time high, and nearly a month later on January 12, 2018, <a href=\"https:\/\/ethereumprice.org\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Ethereum peaked at $1,400<\/a> per crypto token.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">After that, it\u2019s been two full years of a bloodbath, with sheer carnage across the entire crypto market. But just as we close in on the second full anniversary of when the bear market first began, the crypto market appears to finally be ready to rebound and go on an uptrend once again.<\/span><\/p>\n<h2>Crypto Market Enters The Second Year of Bear Market<\/h2>\n<p class=\"p1\"><span class=\"s1\"><a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a>\u2019s meteoric rise and Ethereum\u2019s ICO-fueled rally helped put cryptocurrencies and blockchain technology on the radar of the entire world. The once relatively unheard of technologies soon were being discussed as industry disrupters and a possible replacement for the dollar.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2019\/12\/26\/heres-what-100-in-bitcoin-would-have-made-next-to-the-decades-best-investments\/\">Here\u2019s What $100 in Bitcoin Would Have Made Next To The Decade\u2019s Best Investments\u00a0<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">Early investors became filthy rich overnight, and the buzz caused retail investors to FOMO into these emerging crypto assets hoping to fuel their dreams of Lamborghinis and mansions.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Approaching 2 years of straight up pain for the crypto market. Will 2020 bring a 3rd straight year?<\/p>\n<p>&mdash; Cobra Crypto (@CobraCrypto) <a href=\"https:\/\/twitter.com\/CobraCrypto\/status\/77124865?ref_src=twsrc%5Etfw\" rel=\"nofollow\">December 29, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">And like any over-inflated bubble, the crypto market popped, and after that, a two-year-long bear market has resulted. <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> had a short-lived bear market rally offering investors in the first-ever cryptocurrency a sigh of relief, however, a new all-time high couldn\u2019t be reached, and it later fell back into a downtrend it is still struggling to break out of.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Meanwhile, the entire altcoin market has continued to bleed and bleed, with most calling it an outright \u201capocalypse\u201d for the asset class.<\/span><\/p>\n<h2>Ethereum Bottom May Be In, Bitcoin Is Ready To Rise Once Again<\/h2>\n<p class=\"p1\"><span class=\"s1\">However, there are long-term signs beginning to signal that the tides are starting to turn for the world of crypto, and soon the bear market will finally be over, and the asset class very well could rebound into another powerful uptrend over the course of the next few years.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2019\/12\/28\/the-most-lucrative-signal-in-bitcoin-history-just-flipped-buy\/\">The Most Lucrative Signal in Bitcoin History Just Flipped Buy<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">According to one industry analyst who focuses on long-term chart analysis, <a href=\"\/tag\/ethereum\" rel=\"nofollow\">Ethereum<\/a>\u2019s MACD histogram on longer-timeframes has just started to show positive growth after reaching a \u201cbottom.\u201d<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Freebie from my alts page.<\/p>\n<p>And that ladies and gentlemen may have been the bottom in ETH. May it be a happy and prosperous new year.\ud83e\udd73 <a href=\"https:\/\/t.co\/TJZW4SNbLe\" rel=\"nofollow\">pic.twitter.com\/TJZW4SNbLe<\/a><\/p>\n<p>&mdash; dave the wave\ud83c\udf0a\ud83c\udf13 (@davthewave) <a href=\"https:\/\/twitter.com\/davthewave\/status\/14953216?ref_src=twsrc%5Etfw\" rel=\"nofollow\">December 30, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\"><a href=\"\/tag\/ethereum\" rel=\"nofollow\">Ethereum<\/a> is often a leading indicator for the entire altcoin market, suggesting that if Ethereum\u2019s bottom is in, the rest of the altcoin market\u2019s bottom could also be near or even in at this point.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Thinking the likeliest scenario in the short term is for price to continue sideways in the horizontal channel here forming something of a reverse H&amp;S next month. This would bring price down for a final retest of the 6K range followed by a breakout of the channel to a higher high. <a href=\"https:\/\/t.co\/1PVz3qoaGD\" rel=\"nofollow\">pic.twitter.com\/1PVz3qoaGD<\/a><\/p>\n<p>&mdash; dave the wave\ud83c\udf0a\ud83c\udf13 (@davthewave) <a href=\"https:\/\/twitter.com\/davthewave\/status\/88173824?ref_src=twsrc%5Etfw\" rel=\"nofollow\">December 30, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\"><a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> is also close to bottoming in its current downtrend, according to the same analyst, who is expecting the crypto asset to trade sideways in the current range before it begins to reattempt recent highs once again, giving bulls the confidence necessary to set the bottom and send bitcoin back into an uptrend once again.<\/span><\/p>\n<p>Crypto has spent the last two years in a downtrend, and if the analyst&#8217;s theories are accurate, the carnage will soon conclude.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It was December 17, 2017, when Bitcoin hit its all-time high, and nearly a month later on January 12, 2018, Ethereum peaked at $1,400 per crypto token. After that, it\u2019s been two full years of a bloodbath, with sheer carnage across the entire crypto market. But just as we close in on the second full anniversary of when the bear market first began, the crypto market appears to finally be ready to rebound and go on an uptrend once again. Crypto Market Enters The Second Year of Bear Market Bitcoin\u2019s meteoric rise and Ethereum\u2019s ICO-fueled rally helped put cryptocurrencies and blockchain technology on the radar of the entire world. The once relatively unheard of technologies soon were being discussed as industry disrupters and a possible replacement for the dollar. Related Reading | Here\u2019s What $100 in Bitcoin Would Have Made Next To The Decade\u2019s Best Investments\u00a0 Early investors became filthy rich overnight, and the buzz caused retail investors to FOMO into these emerging crypto assets hoping to fuel their dreams of Lamborghinis and mansions. Approaching 2 years of straight up pain for the crypto market. Will 2020 bring a 3rd straight year? &mdash; Cobra Crypto (@CobraCrypto) December 29, 2019 And like any over-inflated bubble, the crypto market popped, and after that, a two-year-long bear market has resulted. Bitcoin had a short-lived bear market rally offering investors in the first-ever cryptocurrency a sigh of relief, however, a new all-time high couldn\u2019t be reached, and it later fell back into a downtrend it is still struggling to break out of. Meanwhile, the entire altcoin market has continued to bleed and bleed, with most calling it an outright \u201capocalypse\u201d for the asset class. Ethereum Bottom May Be In, Bitcoin Is Ready To Rise Once Again However, there are long-term signs beginning to signal that the tides are starting to turn for the world of crypto, and soon the bear market will finally be over, and the asset class very well could rebound into another powerful uptrend over the course of the next few years. Related Reading | The Most Lucrative Signal in Bitcoin History Just Flipped Buy According to one industry analyst who focuses on long-term chart analysis, Ethereum\u2019s MACD histogram on longer-timeframes has just started to show positive growth after reaching a \u201cbottom.\u201d Freebie from my alts page. And that ladies and gentlemen may have been the bottom in ETH. May it be a happy and prosperous new year.\ud83e\udd73 pic.twitter.com\/TJZW4SNbLe &mdash; dave the wave\ud83c\udf0a\ud83c\udf13 (@davthewave) December 30, 2019 Ethereum is often a leading indicator for the entire altcoin market, suggesting that if Ethereum\u2019s bottom is in, the rest of the altcoin market\u2019s bottom could also be near or even in at this point. Thinking the likeliest scenario in the short term is for price to continue sideways in the horizontal channel here forming something of a reverse H&amp;S next month. This would bring price down for a final retest of the 6K range followed by a breakout of the channel to a higher high. pic.twitter.com\/1PVz3qoaGD &mdash; dave the wave\ud83c\udf0a\ud83c\udf13 (@davthewave) December 30, 2019 Bitcoin is also close to bottoming in its current downtrend, according to the same analyst, who is expecting the crypto asset to trade sideways in the current range before it begins to reattempt recent highs once again, giving bulls the confidence necessary to set the bottom and send bitcoin back into an uptrend once again. Crypto has spent the last two years in a downtrend, and if the analyst&#8217;s theories are accurate, the carnage will soon conclude.<\/p>\n","protected":false},"author":517,"featured_media":409232,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3,13625],"tags":[142,428,6664,1946],"class_list":["post-409228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","category-ethereum","tag-altcoins","tag-bitcoin","tag-crypto","tag-ethereum"],"acf":[],"yoast_head":"\n<title>Crypto Comeback: After Two Years of Bear Market, Is the Bottom In?<\/title>\n<meta name=\"description\" content=\"It was December 17, 2017, when Bitcoin hit its all-time high, and nearly a month later on January 12, 2018, Ethereum peaked at $1,400 per crypto token.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/crypto-comeback-after-two-years-of-bear-market-bitcoin-and-ethereum-may-be-ready-to-rebound\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Comeback: After Two Years of Bear Market, Is the Bottom In?\" \/>\n<meta property=\"og:description\" content=\"It was December 17, 2017, when Bitcoin hit its all-time high, and nearly a month later on January 12, 2018, Ethereum peaked at $1,400 per crypto token.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/crypto-comeback-after-two-years-of-bear-market-bitcoin-and-ethereum-may-be-ready-to-rebound\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-30T16:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-12-30T15:25:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/bitcoin-crypto-ethereum-shutterstock_1398853058.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; 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As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. 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