In a bear market, the general price of your crypto coins goes down. Nevertheless, experienced traders manage to make profits during a bear market. Many traders almost prefer a bear market to a bull market. In a bear market, it is 'nice and clear. As crazy as that sounds, there is a grain of truth in that. The biggest profits are made during a bear market. I know, that sounds contradictory, and yet it is

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What is a bear market

A bear market is an extended period, two months or more, in which the market value or price of cryptocurrencies drops by 20% or more. If the price falls by 10% compared to the highest price, we also speak of a price correction. At 20% or more, however, we can say that we have entered bear territory. However, in crypto, you can also have price corrections of 30%. In 2016-2017 this happened no less than 6 times.

Many factors go into whether we are heading into a bear market or not. What you can count on, however, is that a bear market follows a bull market. After a bear, we also get another bull market. Those are the only two certainties you have! Often you are already in the middle of a bear area without realizing it.

The fact that a bear is referred to has a reasonably good explanation. When a bear fights, it slashes down with its claws. And what do we see during a bear market, right, a price drop, downwards.

The opposite of a bull market is a bull market. This means a longer period of price increases. A bull, or bull, makes upward movements with its head when it fights. That is also what we see in a bull market, the price goes up.

There is also still a lot of uncertainty about the current situation in the crypto market in June. One “expert,” says we have already entered a bear and the other says we are still in a bull. What many seem to agree on is that Bitcoin is expected to recover by the end of 2021. Rates of $60,000 to $80,000 have been quoted.

Click here to see how you can make money with crypto in a bear market