For last 6- 7 months btc price was around of 7.5k$ , now this support level is no longer, that mean btc is ready to dump hard.
Fortunately, we are not able to reach this level again and yeah the price goes up and we start the up trend but this should last longer so the interest of the investors will stay. We are so tired for the bear, now have a better chance to go up again, lets not lose this chance again.
The bear market is still here and we are not yet completely out of it, we need to wait for Bitcoin to surpass $ 13,000 and then we can smile and believe that the bears have weakened and the bulls market is ready. It will be very difficult for us to see bitcoin going down in the near future because this time for the entire market Fomo , the price can only go up and go up.