Bull trend i believe will come next year, maybe before halving, and a moment after halving. But i am not use analysis because i can't. Only speculate and maybe not suggest people to follow what i do. And for not correction and recovery will keep happen, because beside demands that i believe still high on bitcoin, some reason will make it get correction in market.
Speculation is what majority of us have actually been using too and none of us is really so sure of what the future price of any coin will be. Bitcoin has been on a bull run for long time now, we only don’t have it is its full form, and for it to come in its full form, I think that it will be that next year as you say because of the halving. The expected halving will make people to want to buy bitcoin then in anticipation that the value will rise after the halving, so there is every possibility that FOMO be present there, making the value to shoot till it reaches another new peak, and by this time next year, I am so optimistic that the value of bitcoin would have entered $35000, but like we always say, it is all speculation and not that we have any tool to properly analyses this.
The price has recovered after falling low to $7500. Once the price began to fall from $8000 people started to speculate as a time for buying and the drop will continue for a long. To the expectation market behaved in the opposite direction with bitcoin reaching above $9000. I believe once the price will drop low before it gives a price pumping of the year.
The situations is somehow explainable to most people who bought btc during slight pumps, in which some traders surfed out then ride on to the wave of price bounce. Someone might expect another bulls tried to blast off the bearish period, but still it was frustrating to watch the trend tremendously goes down after $10K breakthrough was hit at few seconds then back at almost $9K and beyond. It's not a big deal if the price go dipper, as long as it strikes a good price after and bulls will now take its dominance someday.
