Quote from: MiF on August 05, 2021, 09:38:15 PM

Quote from: Botnake on July 27, 2021, 09:50:59 PM

With the roller-coaster price movement this year, I like to know if what you think about this year's market condition overall.

Are you still bullish despite the huge dump from ATH, or do you think the market will be bearish throughout?

Share your thoughts and what's your basis, it will help everyone to decide.

I see that many people vote bullish than bearish, I think it is all because many people notice the amazing rising of the price of the Bitcoin this year not only in Bitcoin but also in altcoins I think we will be having another ATH before this year end so we need to keep calm and wait patiently for good.

From TA point of view it is obvious that the market sentiment has changed to bullish from bearish season which started miday, and price might continue to trend upward, although reaching or breaking this year ATH is very feasible, if the bullish sentiment is sustained and price volatility is maintained, however there might be some minor corrections or pullbacks, because movement is not a one way traffic.
Based on monthly BTC/USD timeframe analysis this month candlestick has a bullish tail an indication of the market up trending in months ahead.