What is your take on the market conditions? Do you think we are seeing this bullish trend (from the bottom) keep going to ath again, or do you think resistance will hit the uptrend back again?
What price levels are you watching?
I am watching 12k, but I am very bullish on the market right now.
I do not know if we can even call it an uptrend, we suffered a crash and the price is suffering a correction, most of the time we think of corrections as the price going down but a correction is just an adjustment of the market when there is a distortion in the price and the price of bitcoin was too low, so I think the market is going to stabilize for some time and move in a tighter range from now on.
Right! There is always a downtrend correction and what we can see now is the value of bitcoin going to test the upper downtrend line and with the lots of bullish sign it has given, I would not be surprised if it ends up doing that. However, the breaking of that line is one thing no one can say now, and only until we can do that before we can actually say whether the market has switched to an uptrend or not. Let's see how long this correction lasts before we know where we are headed.