Benjamin Cowen: Bitcoin: The Structure of a Bear Market

Bitcoin bear markets aren't sudden crashes but a slow, psychological grind with fading rallies and lower highs, gradually shifting sentiment from optimism to apathy. These downtrends often feature sharp, convincing rallies that aren't true reversals, tricking investors into thinking the worst is over. It's crucial to understand factors like liquidity, macroeconomic pressures, and declining speculative interest. Bitcoin often fares better than other crypto when cash is tight, but patience and smart risk management are your best bets during these tough market phases. Watch on YouTube