Quote from: lepbagong on May 28, 2021, 04:48:05 AM

Quote from: South Park on May 26, 2021, 05:17:02 PM

All what we can do right now is to wait, things are extremely difficult, the market is moving in a weird way and it is unlikely things can remain this way for long, so sooner or later we will be given a signal by the market about the direction that it will take during the next weeks, if the price goes above the 40k level then this will be a clear signal that bitcoin will resume its upward movement but if it goes below 30k once again then there is the possibility the bear market has actually arrived.

optimism must always be awakened, although of course we must also be realistic in accepting the current reality, where the market is moving beyond expectations so far. who expect that there will be a sharp increase by the end of this year. but these past few weeks were surprised by a very deep correction and of course this is clear if seen not the behavior that has actually occurred it can be ascertained that there are external elements that make the market finally act negatively.

yes, agree with your opinion there is still a chance and we will see in the next few days whether there will be a decline below $30K or will it increase again to move past $40K. because this is the crucial price that will determine the next move.

but I'm still optimistic it's not over yet and there is still a long time until the end of the year still waiting for a movement to occur until the renewable price occurs.

I am an optimistic at heart as well however we cannot deny that bitcoin can do anything and we will just have to accept it, the price is now at 37k and it is getting closer to 40k so I am confident that if we see bitcoin breaking that level during the next weeks then any chances for a bear market will drop down dramatically and we will see bitcoin once again going up in value, it is just that it is not going to be as easy as the bears still have everyone scared about the possibility of a second crash which is making the recovery even more difficult.