I think the fact that the markets were moving sideways and consolidating for that period of time down at $3k-4k, as opposed to the volatility we saw earlier on during the bear market should have been an indication enough that the bear market was about to bottom.
wasn't it the same during the summer last year? that was a tight range with low volatility. but we broke down instead of up.
you never know whether a range is really a bottom until the market breaks up and moves away from it. we've had the first weekly higher high since the 2017 top, so that's definitely an early sign of bottoming.
but that doesn't mean bulls are just on easy street now. bitcoin tends to trend hard in both directions, so once price swings back down, everyone is gonna start expecting new lows. we'll see lots of profit taking and loss cutting and harsh declines. i think we'll be stuck below $6000 for several months.