The crypto market is currently in a bull market, and of course the bear market will stop for a while. And popular altcoins are also experiencing price increases. We hope this will continue. Even the price of Bitcoin has reached $ 24k, maybe in this week it can reach $ 25k. Usually this kind of improvement will last two to three months.
I don't quite get you,
Your saying, we are in a bull run but the bears will stop soon! If am to go by your statement, I means we are still very much on the bear market an that is what it is. We are not in the bull as you earlier proposed. The market for this bear season dipped at $17k and with the market now around $23k being a $6k difference, that's not much which means, we are still in the bearish zone. If you get to look at the ATH around $65k+ you would agree more that the bears have still got the market and the bulls haven't go much momentum to push for a bullrun.
It makes sense, because this is only a recovery but there could be another fall that could make the current condition worse.
Indeed, in this case, their increase from the initial $ 17k until now is quite good, but that does not mean this will be bullish because there could be other possibilities regarding some conditions which require them to drop further down later.
We have to stay alert, this is still like a rollercoaster that can go up or down at any time so don't get too complacent about this now.
When people do see these increasing moments then they would really be molding up that kind of impression that this might be already the bull run that we are really all waiting for which is really very wrong.
Come to mind that we do have that ordinary days where volatileness could move out 2-5-10% a day without having any news or significant sentiments in the market or just purely move on random
and this is why its really hard to make out some conclusive approach due into this behavior or Bitcoin or crypto as a whole. Bottom is gone? Dont make yourself that too confident
because price could make out some hard correction or dump which we dont know whether it would happen or not in next minute.