BTC's trend isn't very strong, and I can't find a reason to go long-term bullish unless I see a very strong and sustained movement to change the direction. The current market is more like a monkey market in a bear phase. Even if there's a rebound in the next few weeks, the goal remains unchanged at around $50,000 this year. The rebound will only delay this process but won't change the outcome.
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BTC's trend isn't very strong, and I can't find a reason to go long-term bullish unless I see a very strong and sustained movement to change the direction. The current market is more like a monkey market in a bear phase. Even if there's a rebound in the next few weeks, the goal remains unchanged at around $50,000 this year. The rebound will only delay this process but won't change the outcome.
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