Is Bitcoin bullish or still bearish?

[Imran_Noori]

Bitcoin started 2023 incredibly and reached $25K level but again bounced to $22K level, some crypto analysts say that Bitcoin is still bearish and could face a downtrend while others think that the bear market is over.

What do you think? Is Bitcoin bullish or still bearish?

 

[riberet19]

The market trend is clear that it is still bearish, it has not reversed at any time its pattern of bearish to bullish trend, and that is confirmed by the graphs and the latest movements, in addition let's look a few days back to the speech of the Fed of Jerome Powell was to say what his intentions were and how interest rates would increase and the macroeconomic outlook that awaits us and after this speech, the whole market went down

 

[Nomad]

Bitcoin was doing really great but then something happened and the price started gong down. I think bitcoin is still in a bearish run and the crypto winter is not over yet. I think the market will not go bullish in 2023.

 

[eenya00]

Currently from my analysis I did recently Bitcoin is still bearish but I expect it to go bullish before the year is over from my own personal analysis which is not a financial advice.

 

[riberet19]

Currently from my analysis I did recently Bitcoin is still bearish but I expect it to go bullish before the year is over from my own personal analysis which is not a financial advice.

Yes, all of us who are invested in Bitcoin expect it to be bullish, who would not want it to rise, but the reality may be different and we have to be realistic, I am currently bearish

 

[GIFTMICHAEL]

Bitcoin is still bearish, it recorded an high of above $60k dollars in 2020 and now dropped down to $15k and still struggling to get back to $30k in the last one year.

But Bitcoin is still the biggest crypto currency and we are expecting more from it as well.

 

[eenya00]

Overall this year it is safe to say Bitcoin is bullish this year as the price we have Bitcoin is currently greater than the price it ended last year December, so the signs have been good

 

[Mayorla]

From the chart, It is clear that Bitcoin is still bearish.
Until it break some important resistance levels, Bitcoin would still remain bearish.
And I believe before the end of the year, It would return to Bullish.

 

[Potuse]

Bitcoin as I started moving up and that is to tell you that it is gradually becoming bullish and it is indeed a very good way to make decent money from Bitcoin.