BTC is currently trading just above $16,500, which is the critical resistance. It is trying hard to validate the current upswing. Therefore, a slight pullback close to the previous resistance could be prominent before the price moves up.
Yes. It appears Bitcoin is pumping, and bucking a bear market. The price of Bitcoin has now reached $ 17k, but the chart conditions are unstable. Maybe this is a good start for crypto growth. We just need to be careful, because problems with crypto keep happening, so we don't cause bigger losses. I think short term trading is better to anticipate bear market.