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.
I have same though, i think bitcoin more stable for now. Or at least we can see lowest price on last bear trend is already over. That is why price stable like this or maybe dumped a little for correction and be ready for next pump. People free to speculate right ?