Except we didn't follow the last 2017 bull and bear that caused real panic to hodlers and they dumped more in losses while price kept fallin. At the moment bitcoin touched $64k and down to $54k, that can't be called a bear, is just an 11% which can't be compared to bitcoin bull move. IMO it is still in bull and when hodlers dump, it takes another dive after a while. So we may see $70,000 on any further bull.
Yeah, bearish moves are not the same as flash crash, which is exactly what this is. Same thing I would say about the Elon Musk pumps, these aren't indication of bullish moves, just flash spikes.
Guess we're seeing them taking turns now but the momentum is still very clearly bullish even as I'm trying to be objective. $50k bottoming seems to be talking hold very well!