Quote from: MusaMohamed on Today at 12:25:48 AM

Technically speaking, Bitcoin is in down trend. Technically only. Because chart can be manipulated and down trend is a preparation for future uptrend.

Charts are only 50-50 correct/incorrect. The real movements will only be seen when the time comes and not before that, otherwise every analyst would have been a millionaire. A deep downtrend can drive the market even lower so we cant comment absolutely but relatively only.

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When everyone think Bitcoin will rise and rise without stop stations, corrections towards $100k, it has serious corrections that lasts since May.

Corrections are the rule. As a general thumb rule if bitcoin rises beyond its all time high then it is just a matter of time before the correction hits. Again the opposite happens but with a slower rate.

And I would not bank on 100k USD at such an early date. My current target for bitcoin will be to consolidate a level above 45k USD.

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So when people think Bitcoin bull run in 2021 is over, it will return.

Bull market or bear market, you cant deny the mainstream acceptance that bitcoin is gaining at this time and that is the difference of this year from previous years when bull trends had started but quickly dropped.