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 🤔💭
I am answering based on the current market situation. Although this was posted early November but I came across it now and I can say that the bear market is over. Even if we are not yet into the bull market, the it is gradually building up and we are seeing it play out
Broke 45K level and sideaway in that level and I would consider the bear market is over and the bull market is coming. but if we look at the chart we can still pretty much down to 40-35K level again or even worse like 30K level.
The Fear and greed index is at level 75 which mean people also greed right now. for now lets wait and see or take profit some if you have profit position right now
Even if there is correction, which is expected, it will not be more than the usual 10% and the market will later reverse with a greater momentum. I can say that bitcoin is fair this year because it is somewhat predictable this season. As it was predicted is how it is playing out.