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It has been bullish all this time along, OP. In smaller picture, it would look like that it is bearish just because it went from 60k+ down to 30k+.
Back then, 20k was the most discussed price to be the possible ATH of Bitcoin, but look at it right now on where it led to. Even at around 25k+, I would still consider it bullish.
Yeah. A few major pump and dumps have pushed the price back up to 45k, but we still don't see the type of frenzy we saw when the price topped out at 64k just four months ago.
The next potential catalyst to a breakout is a slight change in sentiment in the markets. The average trader has this "lock and load" mentality. Most are not afraid to buy all the way up to their maximum limit.