Analysis: The cryptocurrency price fell again, causing traders to question whether the encrypted winter really ended

BTC and other cryptocurrencies ushered in encrypted winters in the next few months after hitting an all-time high in 2017. At that time, the cryptocurrency fell by 70%-95%. Since then, prices have risen, and many people are beginning to think that encryption winter may end. However, after soaring from $3,000 to $13,000 in the spring of 2019, Bitcoin has fallen to the $7,000 range and is currently hovering between $8,800 and $9,150. Overall, most traders believe the overall trend is bullish, as BTC was $6,350 on November 8 last year and is now $8,942. However, in the past many encryption winters and bearish cycles have risen slightly, then plunged down and continued the bear market trend for a longer period of time. The recent decline in cryptocurrency prices has caused some digital currency investors to panic, and current prices have made them wonder if there will be more trouble in the future. The recent downtrend has curbed the enthusiasm of the entire crypto community, with BTC prices hovering around $10,000 before and now falling below the $9000 range. In the past few months, cryptocurrencies have risen in a bullish way, but prices may easily follow the dynamics that occurred a few years ago. After the BTC plunged, the past bear market did have some positive optimism, however, some of the gains did not last long. The cryptocurrency performed much better in 2019, but as the end of the year approaches, people are still uncertain about the trend of the cryptocurrency market in the next month and a half to 2020.