Bitcoin will have the most important monthly candle closing tomorrow. See the big wick in 2017 last green candle and it was end of bull season. In 2019 also, we had a big wick and then a long bear market. This month's candle also have a big wick
But bitcoin still have one day and maybe if could pump again to 37-38k, our bull season will remain intact, else is this the signal of end of bull market ?
Even though the monthly candle was quite bad but we have seen a pretty big positive candle this month so far. Most of the people now are talking that we have yet again entered a bearish phase where prices can return back south once again just like February 2018. But I think this is just a beginning if you see the rallies bitcoin has had before a bear phase you will see they were atleast 400-500% from the previous All-time highs while this bull run was merely 200% of the previous all-time high. Also the institutional investors are still stacking up bitcoin in kilos therefore there is no chance that we are going south anytime soon.