Are you seeing the news recently since 4 days or a week ago or even more. It has been very positive. Some analysts are saying bear market is over for now, some said that bitcoin can increase to $80000. I am reading more of the news recently.
Today I read another one where someone said the bear sentiment has significantly reduced as more people are expecting bull run instead. People are also expecting a breakout time. Very possible the price will increase or this they are just news with positive sentiment for bitcoin price?
Noting from the indices that bitcoin market exhibited in the last few days, one can be forced to say that the bear sentiment is quite over, because bitcoin resistance tendency have been strong since the past few days, on like in the past when in a week we see bitcoin corrections that force the price to drop below a sentimental price, like for example in the last two weeks, bitcoin constantly dropped from 60k and above to somewhere around 58-59k price frequently
But since this few days, the lowest that bitcoin have corrected back to is somewhere around 62k if not bitcoin have constantly mentained the $63,400 and $64k, all this are indicator of what we should expect and how the volume of buying pressure is submonting the push up the price of bitcoin, although we may not see an all time high price soon but we are going to be seeing alot of positive market movement.