In Bitcoin We Trust Newsletter

Share this post

Mainstream Media Talks About the Bear Market – This Usually Precedes a Strong Reversal for Bitcoin

inbitcoinwetrust.substack.com

Mainstream Media Talks About the Bear Market – This Usually Precedes a Strong Reversal for Bitcoin

Extreme Fear = Opportunity.

Sylvain Saurel
Nov 28, 2021
∙ Paid
Share

After October 2021 that marked an increase in Bitcoin's price of almost 40%, November 2021 started idyllically with a new ATH reached on November 10, 2021, close to $69K.

A few days later, a leverage shakeout caused the price of Bitcoin to fall below $60K. Doubt was cast on the market, and the price of Bitcoin had another red week after that, bringing the price to a low of around $53.5K.

That was all it took for the mainstream media, like CNBC, to call it a Bear Market for Bitcoin:

Keep reading with a 7-day free trial

Subscribe to In Bitcoin We Trust Newsletter to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2023 Sylvain Saurel
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing