Analyst: Even if Bitcoin rises to $ 9,000, it is not enough to change the current bear market pattern

Some analysts said that even if the price of Bitcoin rose to $ 9,000, it would not be enough to break the current bear market pattern. Despite a positive start to 2019, Bitcoin has been in a continuous downward trend in the second half of 2019. In the first half of this year, Bitcoin rose to nearly $ 14,000, hitting a series of lower highs in recent months. Crypto analyst MAGIC said, "If we see a rebound, please understand that BTC is still in a bear market downtrend. Bear markets have also rebounded and BTC is currently in a technical bear market. Unless we see some higher highs and higher lows, the trend It's still a bear market and falling, even if we see a 9,000-point rally. "