It's too early to say in my opinion. If anything, I'd probably just call it a price consolidation. While yes, the price increased by $800 if only a few days, but also take note that the prices also crashed from $4000+ to $3200 in a short time span. Is it going to continue to go up? No one knows, but my guess is that $3200 isn't the floor. yet. I repeat, it's just my guess. Trade wisely.
Yeah thats just a wild guess maybe mate.?but it was the bottom $3,200 is the lowest weve got and now starting to pump already,sitting at $4,800-5,200 is a good indicator of barricade was already broken and we are only waiting for the signal to spike the value again these days
Hopefully that we floor already, $3,200 is the lowest IMO and we will never see that again.
If we end up at $5,000 this year, it would still be fine for me and for sure everyone will happily accept it since its's a major improvement already.
No matter the price may be achieved, I still remain solid on my principles regarding bitcoin's journey in achieving full recovery. This time, we're facing a serious scenario which entitled our trust and faith towards cryptocurrency. Many of us did hope for the best to come, but it seems many traders begun to lose hope while seeing bear market remains steady for few months. Definitely the reversal of bear market was too hard to break the last time price went at a slight rise, but it was showing positive responses after more great news came in stating more positive opinions.