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.
Now only the top coins have risen well during these hard times and things have definitely changed completely when the covid-19 came out. I think the next time will be a decisive time for the next trend of the crypto market and you definitely need to be more careful as this can be a trap. At present, the world situation is very complicated and there is no certainty at this time.