Hello beautiful people,
What you think bitcoin will rise or fall.
We've recovered 4% in the last 24 hours, so that's a good sign that bitcoin is obviously on the rise.
But we will know everything this Monday, usually this start of the week is a good for bitcoin as we might even attempt to break $50k again and then hold for the whole week. If that happens then bulls are back in the market. If not, then the market will continue to go down hard in the $40'ish that might be a bad sign that we might be entering the bearish phase.
I'll be waiting in the last few days how this recovery happens otherwise it would be a bad sign this month but just redeeming $50k for me bitcoins will be fine.
We are still in a trend, it's just that the last kick of bitcoin's decline to 10% for me is difficult to make up for higher numbers but believe me the bulls will definitely come.
If it goes down we have to stay aware of the bearish extension.