I am still hesitant to call this price uptrend a new bull market, but we cannot deny the fact that Bitcoin recover some of its price value after the ATH is recorded. In the same way, I also think it is early to say that bulltrend has started since the previous history shows that bullish trend starts a few months before or after the halving event happened.
So I think this is just a price recovery, and Bitcoin market activity will mainly remain sideways, with some high-fluctuation events.
I think history should only be a reference, not some fixed template to predict the future.
Yep, Bitcoin pumping hard in the short term is not enough to say this is uptrend we have been waiting for. But then again, do not rule anything out. The market keep changing. It is not gonna follow some fixed pattern all the time.
Better to be ready for a few different scenario than just guess one and put all your expectations on it. imo.
Over the past month, the price of Bitcoin has remained in the $70,000 to $80,000 range. Although the price recently hit $87,000marking the best level seen in the last six monthsI remain skeptical that we are entering a bull market. Despite significant price movements in recent days, I see no clear signs pointing toward a bull market, and current market activity remains much the same as in previous months.
