Is #Bitcoin bear market over ?
All you need to know:
Indeed, bear market ended after RSI breakout in the end of 2022, the time when I kept begging you to buy tons of BTC. Indeed, its the time when bear market ended, end of 2022 when BTC was between 16-18k. The reality is, end of bear market doesnt always mean start of bull, people underestimate the regeneration phase of market after end of bear, and start yelling bull market without basic knowledge. Once bear ends, market enters into price discovery to find the "Actual fair price". So what happened after RSI breakout in late 2022 ?
So where are we now ?
It takes many months to confirm the end of the bear market, now we can clearly say that bear market is over once WMA200 closes monthly candle above WMA200, which is most likely going to happen in the next hours. We have a full confirmation on chart that BTC bear market is over including the mentioned regeneration phase. We have a very strong momentum with recent RSI breakout including the breakout above the 30k resistance including the historical breakout above WMA200. Many indicators that shows us signs of a strong bull. Learn the difference between a relief rally with a weak bull, and an explosive strong bull. In other words, the explosive bull is the golden bull, the same bull that brought us to 60k few years ago, and sadly this bull has not arrived yet, but is preparing itself to fully explode in the next 6-12 months.
Dont get exhausted, greedy or care for long or short only. Remember that a legendary bull run is loading, you should have prepared your long term bags back then during absolute fear, however, everyone that buys below ATH will end up in profit according to BTC 4 years halving cycle. Indeed, Iam fully trusting BTC
Bear market is over, regeneration is over, pre bull arrived, golden bull is loading.
The bull run has not started yet, sideway movement still loading in big time frame and big range, the golden bull is preparing itself for the next 6-12 months
Be prepared