One potential worrying factor for the sustainability of this impressive bitcoin rally is the fact that the weekly Stochastic Relative Strength Index (Stochastic RSI) refuses to go down from a very overbought level. Instead, it only moves sideways while still maxed out
There is a huge doubt that this impressive bitcoin rally would last long, so we have to wait and watch until the thing stabilizes. We don't have to rely on indicators much, as most of the time they go wrong.
Only time which can decide in what trend bitcoin was. Because we know this pump still on short time and people actually can't decide it is on bull trend or not. Because trend means it keep increased until reach it's ATH.
If we will wait until it break it's ATH then we will be late for the accumulation.
The market is bullish but it doesn't mean it has to reach the ATH, whales are in the accumulation stage and if this is true, price would not go down anymore.
It can be hard to predict as to when bearish market lasts and when bullish market will take its place. However, I'm still positive and confident that market has so much potential to bounce back. It may take time for it to recover, but don't be so discouraged with it. It's not all about glory days, it can be wearingly boring to wait but look forward for its rewarding outcome. Don't be too affected with it, instead of worrying too much, make use of your time to be productive, continue to learn, and take a look life with optimism.