The crypto market for a period seemed to be on a bear market,and for some reason much later prices started increasing again.What can be said about the market at this period,are we on a bull or bear?
we can be said that its a volatile season for crypto because the price goes like this > bear and then bull and then will go back on bear again ( as of the moment of this writing ) .
You cant call it "bearish" the current market condition right now. Instead, we are stabilizing at some point. To be specific $8,300 since last week. We have gotten away with the bearish season,and that was the time when we're floating around at $3,000 for several months. Bitcoin became even less volatile today.
Some speculations says we are in an accumulation phase, getting ready for the bull run next year.