Some people think BTC is still bearish, and the last bull run was a bull run in a bear market. When you look at the market in the last 6 months, it becomes obvious and evident that we entered a bull market now, since 3 months. And the losses of BTC last days and weeks are still in te range that is going upwards.
Of course it is always more easy to see if you are in a bull market, when you look at charts on the long run. 1 day or 1 week charts wont tell you that, let alone 1 hour charts.
Therefor it is more likely for BTC to end higher this week, month and year, It might end at the highest point of the year.
But of course the market is nervous when BTC is trading at this level, just after it fell 5%. And there is always the looming possibility that we break out of the range at the underside, instead of the top range. I think we just bounce back and break through the top range.
Of course it is always more easy to see if you are in a bull market, when you look at charts on the long run. 1 day or 1 week charts wont tell you that, let alone 1 hour charts.
Therefor it is more likely for BTC to end higher this week, month and year, It might end at the highest point of the year.
But of course the market is nervous when BTC is trading at this level, just after it fell 5%. And there is always the looming possibility that we break out of the range at the underside, instead of the top range. I think we just bounce back and break through the top range.