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
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.
Even if bitcoin hits $25k and can hit $30k, it still can't say we're in bull season, bear season isn't over yet. What is happening is just a short term bull run, don't let the market fool you, as there is a good chance that after the bitcoin bull run, there will be a correction afterward. I predict after this rally bitcoin will correct below $20k again but there will be no new bottom.
The movement of bitcoin is of course difficult to predict, when we are too optimistic that the price will continue to rise what will happen is the opposite, just like what happened at the end of 2021 when the price reached $ 69k made me excited to buy because many believed the price would soon touch $ 100k, unfortunately the price continued down until the end of 2022 to reach the lowest level of $ 15k, under any conditions, of course we must be vigilant, if there is a daily change of more than 5% then take action immediately.