Many analysts have been using this term to make predictions about the market going forward, keeping Bitcoin as their focal point.
His analysis’s prime focus was on Whales’ shifting positions as recently some huge amounts of selling were observed in the market.
A similar pattern had been observed in 2017 as well when 5 waves of whale selling took place, and even then it did not lead to a “bear market”.
To answer the question which brought you here, no Bitcoin is not in a bear market at the moment and no indicator can accurately predict that either.
He has a keen interest in DeFi, the ever-expanding possibilities of blockchain technology, as well as the political impact they would have.
Disclaimer: AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice.