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.
Well I can’t really tell you for sure that the market will be bullish or not at any time soon. There are some movements that I have seen in the market and thought that they were signs of the market being bullish, but at the end of the day, the market even goes down and I come to realize that they are not.
The market has been quite stable since it dropped from that $60k price to $40k and $30k. Maybe the market is done with the bull run and will stay down and stable for sometime now. But that’s not a problem, you will even be happy with yourself to buy at this current price and hold for the future bull run.