Hi guys I was wondering that Bitcoin crossed 37000 dollars is there any chances that Bitcoin bear market over and we might see good greeny day.
What are your thoughts 🤔💭
We have long been involved in Bitcoin's bearish market. If we estimate that Bitcoin price was at its lowest point in late 2022 at the end of the 2021 bull run, then we have definitely overcome the bear market. Although the market is yet to start that bull run, we could get it soon. However, since the crypto market is an uncertain platform, we cannot give absolute guarantees. As per the current market conditions we get the impression that we are slowly moving towards a bull market. Currently the price of Bitcoin is above $37k any time we see the price of Bitcoin touching $40k. I think this trend will continue until the next new ath.
You are correct about the length of time we have to wait during the bear season, but we are still in the cryptocurrency business. Of course, even if we have exited the bear market, there will still be a reduction in market prices. As a result, it will undoubtedly deviate from the trend.
Instead, an uptrend will occur, which we will undoubtedly see in the following days, weeks, and months. Profiting appears to be simpler in these times, and only those with trading understanding comprehend this.