"There are 3 phases ready, there is still a long way for crypto to go up again."
After suffering a drastic fall throughout 2022, the cryptocurrency market finally saw a positive rebound in early January but experts warned that the digital asset is about to enter its final bearish phase.
Overall the bearish market has three different phases, where the first phase is called "The Unwind" which means that most investors will rush to buy a lot of crypto when the price drops.
While the second phase is "Capitulation" when the price of cryptocurrencies such as Bitcoin (BTC) plummets by 90% and as a result companies that offer digital asset services have to stop their operations.
The last is the third phase which is termed as "Exhaustion" following experts think that stage will cause the crypto price movement to be in a horizontal momentum.
It should be noted that investors may experience a difficult situation in the near term when crypto prices begin to decline little by little and traders act to leave the market completely.
Even so, most investors who don't rush to sell their crypto holdings during a bear market will make handsome profits compared to those who do the opposite.
To date, the global digital asset market has seen a decline of $1.05 trillion and its trading volume has slipped 10% to $50 billion in the past 24 hours.
