The market goes up and down this is normally happened in the crypto market. For past two days the price was in uptrend. But again it started to dump. I hope this dump is not continue again the market will starts to increase and the bull run will come may be by the end of this month or next month. Still that we have to wait with patience and holding the bitcoin. Once the market recovers automatically you can sell and earn good profits.
People say its just a bull trap, well its true because bitcoin dumps again. I dont know the reason why bitcoin is having a hard time to pump now maybe we really need a strong news to pump the market. Are the whales tired of buying back or there is no new investors?
Bull trap or not, it is a good start and it has been trying to hold up strong above $7k for days now which is still not a bad thing. However, I am sure a lot of the optimism will increase when we are above $8k.
There is nothing we can really be so sure of now than to just wait to see how well the market is going to end up moving as well as how far, but for now, it is still looking weak in both ways which makes the market to be filled with a huge uncertainty.