The market will move alot after a period of decline, alot of the move is recovery of value lost prior. One big reason is shorts being closed will result in BTC being bought, it tends to be a sharp effect because people who relied on price falling now are part of its bullish rise.
Right, and that's why it's really hard to go against the market. Daily traders who short bitcoin are going to get REKT in a recovery phase. Like what we've seen in October, wherein we have a massive spike in prices.
Right now we going
sideways alot, its not a harsh decline but generally I'd say this is neutral to negative decline. If we suddenly get good news, all the people who foresaw weakness will have to rebuy to be involved again
We are in the middle ground again, although both forces are pulling against each other, there is no clear winner, hence the market is moving sideways. Others see this as a good indication that we might see another imminent break out in the future. And so this could be another great opportunity to buy in an get themselves involved in the market again, the sooner the better.