With most of the past two days spent below $8k bitcoin price has been looking extremely bearish. A big bounce in late trading on Sunday, however, sent BTC back above resistance to top out at $8,300. Altcoins are also having a green Monday as the bears are kept at bay for now.
https://bitcoinist.com/bitcoin-btc-price-bounces-back-above-usd-8200/It is not a surprise to see that the price of bitcoin riding like a roller coaster. But badly the market turns down below $8k which I think that you're wrong thinking of bullish. Being optimistic it sometimes causes failure by then, not actually we all just be positive but also we need to realize how the market really changes. It wasn't the same as what happens before where we can see huge pump during the BER season.