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.
Personally, I am very positive about the future of cryptocurrencies, but the coming weeks are very risky. Unfortunately, there are many negative situations that have emerged recently that may turn the current correction into a long-term bear market. Of course, I don't want that, but the incoming negative news from the world it can be possible.