To be frank, I do not know how people thinks about this market to the point that whenever the market is changing direction they all think the bear market is over. To be honest, looking at the market I do not think we could just end the Bear market just like that. And of course, there are possibilities that the bear is gradually reducing but that shouldn't be a thing that we should get overwhelmed about it.
What to note about the market:
- This could likely be bear traps where you do not know that it would go down again
- Always maintain with the Dollar Cost Average, if you must accumulate.
- Do not feel weak, because it could definitely drop around 65k.
The thing is, I think today, we have alot of newbies who really don't yet understand how the price of Bitcoin moves, speculating on the direction of the price of the crypto asset and the market in general..
I've read comment saying that we are still in a bull run simply because the price of Bitcoin added
+1.05% in a day, and the moment that turns negative, the same person may turn around to say maybe the bear market isn't really over yet..
I think some people think or believe that in a bear market, price only goes down while in a bull market, price only goes up, unfortunately, they are absolutely wrong because obviously this is not how the prices move in both of this seasons, there is what is known as "price correction" in a bull season, and there is also what is known as "bull trap" in a bear season.