Since the launch of a bitcoin exchange-traded fund earlier this year, bitcoin has recovered and even surpassed its all-time highs set during the 2021 bull run. But for weeks, it looked like the largest cryptocurrency was trading sideways at best.
It depends on the timeframe that you are using to look at Bitcoin that will determination if Bitcoin is in an uptrend direction or going downwards. If you bought Bitcoin at the highest price in a bull market, Bitcoin will keep going downwards in your own eye but for an investors that bought when Bitcoin was having a correction and then the price starts recovering, Bitcoin will be going in an upward direction. If you buy and hodl Bitcoin, you will always be in an upward direction after some years because Bitcoin keeps adding value. The value of Bitcoin will keep adding price as there is more adoption for Bitcoin, the more popular Bitcoin is becoming we can only expect for there to be more investors and it will make the Bitcoin price to keep going upwards.