Hello,
My View about bitcoin was on january 1st that this is not bottom and bitcoin with fall further ,
but watching this rally today and yesterday i think bottom is gone , the marketcap of crypto is up by 150billion,
850 bilion to 1 trillion
and daily chart is looking bullish according to technicals with high volume
https://ibb.co/HhJdtvJtell me if i am wrong or right experts
Too early to tell. I think theres not enough speculation this year for Bitcoin get bullish. Most of us were expecting the next bull run will occur in the next Bitcoin halving. May it be before or after that.
And, I don't think we've seen the bottom of this bearish run already, Bitcoin may still fall below 15k this year. Some are even waiting for $10k.
Nobody really knows where this current price action will lead to.
Yes, we are more than 400 days away from the halving, so it is too early to say that the bottom is gone and we are approaching recovery days. Although that is also possible, the chances are too low.
No one can predict the movement of bitcoin, but looking at the world economic situation, I do not believe the financial market in general and the cryptocurrency in particular will recover from now on. Cryptocurrencies are still manipulated and don't follow any rules but bringing the bull market back is not a wise idea for market makers. It is very difficult to attract new cash flow into the market in this difficult economic time.