Yes it seems the recovery in April and parts of May was just phony or a so called bull trap. The slightest negative news send the prices down the cellar again. Even some positive signals from the SEC (Ethereum not a security) did not lift the spirits up that much...
Yeah you are right the bearish trend is not ever yet. The price is still under correction and no increase for much time. The first half is not good for bitcoin so far but I am optimistic about the bright future of bitcoin. Soon this bearish trend will be over and the satisfying situation will start. We will have to wait till that time. I guess till next year this trend will be recovered.
I also hope that the downtrend is over, but my long-term downtrend is not ending and it will continue until the end of the year. Investors should be cautious during this time, regularly update market developments to plan investment.
Yeah either end of year or even till next year may, it will be down trent
It is time to accumulate now for all of us who are looking forward to the next bull run... before that many many things will change,so lets get ready for a great ride