What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction
What kind of beginning of the bullish period are we talking about? The fact that bitcoin was growing for 6 days in a row, apparently became a reason for some people to believe that the market is now bullish and now everything will only rise in price. It's funny. Open a daily or weekly chart of bitcoin and you will see that we are still inside the bearish global trend. Open the financial markets and crypto news roundup and you will see that fundamentally there is no positive sentiment for liquidity to flood the markets again, thanks to which pumps will occur. Why do people suddenly see the beginning of a bullish period or the emergence of a new trend? Nothing more than self-deception and just personal expectations.
People believe its bullish time because some people hype up and condition there mind that bull run is happening, maybe some of it do this on purpose so that their position will get hit so for newbies they need to be careful on what they are doing especially if they don't know how to figure out the trend. And its good advice to always look up the chart because it can give us the possible scenario on the market.