To be honest we should probably assess market moves lot more to be sure if bear market ends or not. I hope bear market was ending around late August but I was proven wrong. I also check indicators regularly but in my opinion global crisis around the world also badly affected Bitcoin demand. People do not want to be early buyers to be left bagholders when we are in recession. I feel that 2024 will solve many of our issues.
and currently market conditions are starting to improve, even though there has been recent news, namely that Cz resigned from the position of CEO of Binance, because he was proven guilty of the charges that the SEC gave him.
but I saw the market go up again after the news came out.
it looks like 2024 is off to a good start for the bull market.
let go of Binance issue because the moment CZ announced His resignation the price of bitcoin spikes 37k again means there is really no effect for bitcoin at all .
if there are something big coming for the market and this is the ETF that we have been waiting for many years.
I assume that since it was denied this November so In January we will see that big effect and maybe the better one?
was wondering also why CZ resigned when he is going to pay that 4 billion dollars? is this part of the settlement sorry for out of topic question but this really comes to my mind.
The days of the bear market are over, now the days of the bull market begin. Bitcoin bull market has started. The value of Bitcoin has increased a lot. Bitcoin price is currently 37, Which was 26 three weeks ago as well. This clearly shows that the Bitcoin bull market has started. Because without a bull market alone, it seems unusual for bitcoin to rise 10k in just three weeks. So I think that the Bitcoin bull market has started. So, bye bye bear market.
How I really wish that you are correct but not until bitcoin broke 40k I will still believe that we are in either trapping or in pending increase.
Lets hope and pray that before November ends the price will rose up to 40k at least if not 45k.