The biggest pain point for Bitcoin due for delivery on July 23 is $32,000. The current Bitcoin price is $2,9582. In many community telegrams, everyone is in a negative state.
Is it still bearish when there is currently no good situation?
probably, but in this situation we cannot say that this is a bearing situation as its very steady at the current price, yes that's true because it's been months now actually that bitcoin keep holding the value under 30k.
So it's not bearish in my opinion, because when we say bearish the price itself will keep going down to the very deep level.. But on this situation it's different. wherein seems just don't have stable progress but still keep staying at the support.. Probably just waiting for the right time to rocketed because if those whales really have an intention to manipulate bitcoin price below 30k maybe it already happened when market growth rate rapidly decrease. But look bitcoin is so steady anf keep maintaining the price when there a fluctuation after the small progress.
Indeed, we are obviously thinking that below $20k is bearish for us (at this current market value). However, we tend to keep the momentum at $30k and above. We can't also say that we are still in the bull market as we are almost half of the price where Bitcoin reaches its new ATH.
If compare the situation now versus the last 2017-2018 market events, obviously there is a huge difference. Therefore, I could say that the market is still good. May bear market comes next but it was not a thing to be afraid of, it certainly come and that is why we prepared for it and anticipate the possible market change to happen.