The BTC monthly chart is giving off the same signs as it did during the end of the 2018 bear market. It seems very possibly that the Bear Market is actually over or near over at least.

Last your during this exact tie we were finding ourselves in the midst of a historic Bear Market, we were all probably full of fear and by that time last year we were not even near the worst thing that was yet to happen in November of that year with the FTX fraud. It truly was one of the most brutal bear markets ever and everyone that was able to endure that pain deserves every bit of appreciation right now, as many others clearly did not have the same amount of endurance.

But now it all seems to be finally over, while we can never say anything for sure, as many like to say history does tend to repeat itself or at least rhyme itself. If we compare the end of the 2018 bear market with today, there is one significant similarity.

​

MACD indicator picture from BTC_Archive, a few days old, but even with this current dip the picture stays the same.

That is the MACD indicator, which is used to identify beginning and end of certain trend and over a high enough time frame it can also show us the beginning and end of whole bull and bear markets. In this case the monthly time frame is used and we can clearly distinguish bull markets from bear market through the green and red phases.

​

Closer look, even with the current dip the MACD stays the same

Now we are shifting from a red phase to a green phase, which is very similar to the trend reversal we had in 2018. So just by looking at the history, seems like the bear market most likely is over and we are not quite in the bull market yet, but at least in a transition period.

Now of course we could have another mini bear market like in 2019/20, but it is safe to say that we very likely did survive the worst right now. Well done to us all!