The cryptocurrency market has always moved in cycles. The latest one had its peak in December 2017 for bitcoin and January 2018 for ethereum.
Since then most of the altcoins have fallen by up to 90% or more while bitcoin has fallen by about 80%.
The recent bottom occurred in early December 2018 with bitcoin at 3150 and 84 for ethereum. The prices have been gradually climbing since then.
My question is for bitcoin traders.
Do you think the beer market is over for now and it is safe to invest or there is still more pain to come?

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Looking at the Bitcoin chart, bitcoin has been moving sideways for months and the number of bitcoin transactions has increased like that of 2017. IMO, this is the accumulation phase. So I would advice now is the best time to invest back into the market.

I tend to agree with you.
I am personally investing as much as I can in this range tho most people I interact with believe there would still be one more capitulation event. Even if it happens I think it would be swift and we would sharply return to present levels and beyond.