So when in the world will we break out of this bear cycle? When do you think it will end? This is a good opportunity for those who do not already own, but I don't know about you but I want it to go beyond $20k already. I guess we'll let more people in now so we can go up to that next level of a bull run... Cryptoverse only knows.
We're still consolidating at a much lower price level than the high of $20k last year.
We should be slowly moving up throughout the first half of the year, in my opinion. Ecah time the floor of bitcoin should be raised. There won't be as many pumps or as much volume in these pumps as last year, that's for sure.
The market mood is still quite bearish since the start of the year isn't a particularly good one. Though expect both the market mood and price to turn to a stable level once the floor is raised past 5 figures. A pump after this current consolidation should snap the market out of being bearish.