Do we currently calls the market situation the bear or what?
Today I just opened my storage where i buy and stored most of my crypto coin and the rest I noticed have almost lost 60% of all my asset in dollars so I was tempted to sell off all and take a look at the market to know if there will be corrections, though I have been monitoring the market but I m not really convinced so I decided to share here to know whether I could get some people who knows about the market to give a little breakdown before I go into such decisions.
I will really appreciate then i can know the reason for such action and decrease in most of the currencies especially BTC and BNB.
Currently i will say Bitcoin is at a constant Flux, saying Bitcoin you don't know if bitcoin is in bear market or bullish market, i will say you are partially right because bitcoin fluctuations is not determine for values, i observe that some people during this time they are not sure of the the speculation of cryptocurrency that is why some people panic during the time of bearish market
You can say that bitcoin is in no man's land right now. It can go up from here and we can have another continuation of the bull market. It can even move down, break the important support level and we can be heading towards the bear market. We need to wait and see the direction of bitcoin before deciding to sell or buy the crypto currencies.