Bitcoin confirms cryptowinter pattern, spring to follow

The much hyped consolidation period in late October has proved a furphy as the bears came out to play. Bitcoin continues to grind incessantly lower and is running exactly to schedule to follow the 2014 cryptowinter. On the upside, the halvening is looming in May 2020 and will start to make its effect known in late 2019. Until then, we have an ursine playground. For newcomers to Bitcoin, the first half of 2019 will be their opportunity to claim their stake. Grizzled veterans will spend the time buying back the coins they sold in January 2018.