over the weekend bitcoin recovered back to $34K after going below $30k and early this money the market jumped to above $38k breaking the $35k market bench mark, a move that many will see as a bull market movement. am very optimistic that in the coming days of the week bitcoin market is going to make a significant upward movement that will make it price recover back to it all time price of $64k and there after recording a new all time high.
what are your takes on the current bitcoin market movement.
In my opinion, After bitcoin hit a record ATH a month ago, the price of bitcoin is still experiencing a sharp decline in price due to the massive sell-off in the market since the last few weeks. Even now the price of bitcoin has not shown any signs of rebound and is still at the level of $57k. That's why I think the bitcoin market is currently in a bearish situation.