I don't think that we are still in the bull market now. But I respect the people who are thinking that way. I think that we already have entered the bear market. The big dump and the movements of the price also prove that, in my opinion. But I hope to see Bitcoin price starting to rise again and reach a new ATH as soon as possible.
We can hardly agree that we are still in a bear market after the sharp price drop in May. Today's sharp jump in prices is even a little surprising. Last night, the price of bitcoin was slightly above $ 34,000, and now it has risen to $ 38,174. Over the night it rose by almost $ 4,000. CoinMarketCap shows daily growth of bitcoin by 11 percent and weekly by 20 percent. Very good for a bearish period. At the same time, the price of ethereum rose to $ 2306 with a weekly gain of 22 percent. I wonder if this is a reaction to some positive news or is the market ready to grow further?
Everyone is so excited about this pump! I see all cryptos heading towards the bull market or a bull trap! We'll see if there is a change soon, we may easily see a red market as we did with green! About $38.3k is a very important resistance level for bitcoin, which helped take a good position. They all pumped at the same time. I find this to be very interesting. I'm cool with that!