We are still into the bullish season as for now. The dips in terms of the price that we are seeing this past few days are just normal for we are slowly getting into correction because the price have been hyped ever since the entrance of this year so we are into a slowly taking down but that doesn't barely mean we are entering the bearish state. As of now, the market is still looking good on its price specially with Bitcoin. It is just that normal scenario to see ups and downs after a big hype but there is nothing to really worry about. Just keep calm and do not overthink of a normal scenario to be bearish already.
And in reference to the post of the OP, it was about 42-44k when he asked this question.
And not even a month, btc managed to be above 55k level again.
So I would say, we are still in the bullish market.
And besides, if you compare the price even at 40k level from previous years, what will you say?
Definitely, bullish. Even above 30k is bullish to me if you want to look at bitcoin's history.
Yes. It has a point because as we all know even we experienced correction last time, BTC manage to come back to the top or to its new ATH and I would definitely say that it is bullish, however we all know that the market is volatile and very unstable when it comes to value or the price. I think bitcoin will definitely experience bearish yet I think that it would likely to attain bullish identity. BTC might not be that so good right now but it doesn't improve only a night, right? I think soon enough it will be blast off to the moon again.
Everytime Bitcoin got stuck into a strong resistance then it would really be testing out for how many times just like on what happened in 20k.It did take a while before the market had break it out
but to say that there are various news of big adoption on that one which it did successfully break out that resistance and even go to high peak points.
Price is moving way too minimal for already 3 days as far as i remember.
We have been in the bull market for a very very long time and I wonder when it will stop. The price seems like it is stuck at levels between 55-60k dollars for now. I think it is at a critical level and it is open for any kind of surprises. We can even see an unexpected drastic drop in the price or even a new ATH soon.
We had able to reach out 60k but it didnt able to hold that long and after that it did really make out corrections but those are only on small percentage decreases and as mentioned
that the price is playing in between 56-60k which its actually hard to make out decisions but for scalping then this one is the most preferred recipe when dealing with movements.
Bear or bull it doesnt matter as long it moves even on minimal scale.For those who do love on swing trades then this time is the hardest part on making decision
where you dont know on when and where it would really be heading on.