The current chart comparing alts to MARKETSCOM:BITCOIN on the monthly reveals an interesting trend. In previous bull markets, we observed that both times the market put in a retest of this upward sloping trendline. As usual, it's MARKETSCOM:BITCOIN 's show until now.
Bitcoin
Dec 2013 - Jan 2015 = 396 day bear market
Jan 2018 - Jan 2019 = 365 day bear market
Avg Bear Market lasts = 380.50 days
Sideways action following the capitulation phase of the bear market =
Feb 2015 - Aug 2015 = 181 days
Feb 2019 - March 2020 = 394 days
Avg sideways price action = 284.50 days
