there is no "bear trend" to want to continue.
it is just sideways for the time being with some newbies being flushed out of the market handing over their money to the rest of us.
Just sideways? Did we not see Bitcoin lose 50% of its value from its all time high? If many of you don't believe that it is a sign that this bull run is over, then we might now be in the "denial stage" of the market cycle.
but the drop happened and ended nearly 2 weeks ago and bitcoin was consolidating until the new drama about Korea and China banning bitcoin started and there was another 20% drop which made the total of ~50%
and i didn't say bull run didn't end.
and there is this thing called "bottom" which is also known as buy support which is practically a resistance in the opposite direction. and that is at $10000 as it was proven multiple times already.
I agree, but how low is the bottom supposed to be? No one knows. Although everyone is welcome to guess by drawing all those lines in the chart and call it "analysis".
well the bottom is where the price is not going any lower from. a price when it goes near it you see a big buy up happening preventing any further drop. that is what i consider bottom, and $10k has been the price where people start buying or already have their buy orders in place.