Average Bear Market Last 289 Days and You Can Only See the Bottom in Retrospect

Just what the title says, the average bear market last 289 days. The current bear market began on January 3, 2022.

What date is 289 days after January 3, 2022? That's right October 19th, 2022!

Heck I would even argue that crypto (being highly speculative) topped out before the stock market proper and started its bear market sooner. It will likely start its rally sooner too.

I still maintain the bottom was $17k, and looking back it will become apparent.

Just to wrap it all up:

1) I am not saying crypto will start a huge bullrun on October 19th, 2022 and we will see $50k by the end of 2022. Let's be realistic, marcos are still bad but it's just possible most of the bleeding has stopped

2) I am also not saying we won't test $18k again in the coming months. But I do think we aren't dropping much below that level, I prefer to think that $20k will become a stronger support through Nov/Dec. Might even see a Santa Clause rally back up to $25k

3) Be careful of recency bias, as everyone continues to mope around like it's the end of the world. We won't realize the bottom was in until months after the fact

4) I don't know shit about fuck.....this is not financial advice