What do you think about a bear market? Could it reach us? What do users who have been following bitcoin for a long time say about a potential bear market? What is the current pattern and what are the important indicators?
Are we in a bullish stimulus overload right now?
Because there’s no reason to become bearish unless you short Bitcoin without doing technical analysis.
The current price even the recent low is still above the previous ATH on the last cycle that’s why it’s very hard to become bearish if the price is performing great.
In addition, Big companies such as Blackrock, Microstrategy and more ETF provider company are investing on Bitcoin including US government. Only peanut mind will think that the market will be bearish if big player is already investing on it.
You are on point here.
Where there are no signs of a bearish market, then there won’t be speculations that would talk about how bearish the market is, because obviously bitcoin price is making an impressive move these days.
Although there’s no significant news that impact the market, but knowing the fact that big financial institutions are going into bitcoin, that reason alone is already a big implication that bitcoin price will continue to surge high and most likely land into its new ATH.