When each and every analysis was bearish on the bitcoin and everyone was expecting bitcoin to dump to 12K-14K$, the bitcoin start pumping and reached 23K in few days time.
This is simply what happens when everyone is bearish. Personally I wouldn't say everyone was bearish, just the overwhelming majority.
Also, when we look at the fundamentals, they are also all bearish with events like Luna Crash, FTX Crash, Stable coins fund, Gemini and other companies' bankruptcy.
These aren't fundamentals, these are just news events. Excuses we can point to in order to help us understand a Bitcoin bear market.
Also, we do not have any positive news about bitcoin recently, do we?
I don't remember any positive news back in April 2019 which marked the end of the bear market, but price went up regardless.
In these times, the bitcoin to pump makes me wonder whether it is due to manipulation and short squeeze to liquidate many short positions opened on bitcoin?
I think it's simply because a Bitcoin bear market usually lasts approximately a year. The high was reached in November 2021 with the low in November 2022. There were many speculating that based on time the bear market was over and to me this is the reason that price has risen since the start of the year. Despite how bearish the price analysis looked, time-based analysis was always looking bullish.
I also think it's simply human psychology to want or need to have answers to events we don't understand, in this case Bitcoin's 50% increase in price. But often, there aren't simply answers, or otherwise the answer is staring us in the face we just don't want to accept them as they are too simplistic. Often we also want complex answers to relatively basic questions, when the answer itself can be quite simple.