Sudden market movements these past few days have been somewhat bullish, I know we've got the whole halving thing in view, but are we really moving out of the bear market? If so can I buy or just short this b*tch. If the latter, what's your call price?
we are still not in a bullish market, if you can see the chart of the 1 day time frame, Bitcoin is forming a Rising wedge, and usually this pattern will give a touch of the price down, you have to be careful for now, if the BTC price can touch $ 8000, this pattern will fail and the Bullish is returns
If we take into account the performance of Bitcoin back in 2020, in any case, we can talk about a bullish trend in the cryptocurrency market. But this applies only to Bitcoin and Ethereum, as well as several rating cryptocurrencies, but not the entire cryptocurrency market. Although I used to believe with confidence that Bitcoin affects all cryptocurrencies that represent promising projects, now the situation is completely different.