You know right now the market is trying to recover. this can be seen from the price of bitcoin which rose to 38k, followed by ethereum, bnb and other large altcoins which experienced a significant increase today. once again bitcoin tries to break the resistance, after several failed attempts. here's another chance to break the 40k price tag. so does ethereum, last week ETH fell below 2k. but the situation did not last long and the price shot up to its current price. if the situation is favorable whether the market will start another rally.
There is information that the second stage of growth has probably already begun, but one should not think that prices for cryptocurrencies will recover very quickly. It is believed that by the end of 2021 we will see a new flight to the moon, which will allow cryptocurrency prices to show new ATHs. if you can wait then wait and I hope we all have great profits.
Everytime the market price takes another leap, it does not mean all the time that bullish season is heading. Sometimes, price correction takes place easily and i think its the reason why we should not be too much confident especially that this market is very volatile.
However, if we can see bitcoin price breaks it resistance level at $40k, and then the price still soaring high, then mostly likely bull season is already coming our way. So let's be more patient while waiting for it.
It is true that it is too early to assume that Bitcoin is now entering a bullish trend, because the price of Bitcoin is very volatile and there is
a possibility that the price of Bitcoin will fall below $40k again. So we have to be patient to wait and make sure the Bitcoin price can stay
above $40k at least until next week. If it turns out that Bitcoin prices can stay above $40k until next week, I'm optimistic that the crypto
market will enter a bullish season again. But the increase in the price of Bitcoin now can increase investors confidence, because with
the increase in the price of Bitcoin, some altcoins have started to rise too. This hopefully can attract many new investors to be interested
in investing in cryptocurrencies, that way we can ensure the movement of the crypto market can continue to rise.