The cryptocurrency markets posted slight gains over the weekend and have recovered slightly from last week’s dip that sent most cryptocurrencies, including Bitcoin, to fresh yearly lows. Despite the current price action being seen as capitulation by some investors, one analyst claims that the crypto bear market is still far from over.
At the time of writing, Bitcoin is trading down nearly 4% over the past 24-hour trading period at its current price of $3,500. This past Friday, Bitcoin set a new 2018 low at just under $3,300 on the aggregated markets. Over the weekend, Bitcoin rose to highs of $3,650, and has been trading sideways between $3,400 and $3,600 in the time since.