For the previous few days, Bitcoin has been stabilising between $31,000 and $40.000. The bulls are presently trying a rebound after the bears failed to keep the price below the range's support. The relative strength index's positive divergence suggests that bullish momentum is building.
Bulls have always been waiting from the outside, but I would say that bears still control the market though, we can't get over the hump of $36k-$38k and it the bulls try to attempt, the bears always pull the price down. Maybe majority of the speculators now are shorting bitcoin, hence the sudden downfall of the price whenever we are about to build a momentum. And I think the movement will continue for months until we enter like September up to the end of the year.