points by incompatible 5 hours ago | 0 comments
It seems like bitcoin, currently 78719, was only 58526 on 30 June. That's 34.5% up in four months, meeting the definition of bull market.
[–] kimixa 5 hours ago
[–] incompatible 3 hours ago
Fine, but the comment "It's a (weak) bear market capitulation signal" is inapplicable, either because defining bear/bull markets doesn't feel sensible, or because it's not currently in the capitulation stage of a bear market, but some way off the bottom.
[–] paulpauper 4 hours ago
it will be sub 50k soon probably. a weak rebound already losing air
For another narrative, it was 83,038 a month ago on Sept 29th, so is down 5% in one month. And one year ago it was 112,562 on Oct 29th 2025 - down over 30% in one year. Well into "bear market" territory.
Using "traditional" market indicators and definitions for things like bear/bull markets doesn't feel sensible for such a volatile market.