Quote from: deathcode on Today at 05:49:58 AM

Quote from: Zilon on Today at 04:24:54 AM

Quote from: auy on September 09, 2022, 04:54:47 PM

What do you think,is it the beginning of a bullish period?
Looks like a good correction in a positive direction

Even if prices keeps moving higher it will take a while to draw a complete conclusion on what direction the market is finally heading. If its bullish correction then there will be series of consecutive higher highs made for every support and resistance formed and the opposite if a bear market persists. As of today Bitcoin price is trading below $20k so telling which direction the market will make now is difficult

it would be difficult to see the current situation. the market is in a downtrend and most likely this will hold Bitcoin.
if you expect a bull trend, it looks like we have to be patient. the market hasn't been strong enough to start the high pumps. if that happens I guess there will just be a pump on some assets and then corrected again.

I also don't see something that can push the market at the moment, we have to be patient and wait for the bull trend. Random pumps happen all the time, followed by a correction, which is good, and keeps the trading interesting.
Some people are way too optimistic if they think we will see some serious bullish run in the near future. I only hope that we are at the bottom, or at least near the bottom, and to hold this level for another year and more would be an awesome starting price for the bull run that will come after halving.