Bearish momentum seems to have stalled out. Even when looking back to 2018 and how we dumped at similar relative levels–we have yet to see much of a bullish shift in perspective, even with rising prices. This could be signaling some sort of bear trap. When you look at things from a perspective of strength–I am not convinced that bears have the strength at this time to push the price down lower.
Too many countries and institutions are taking a HIGH interest in crypto, let alone Bitcoin , the current king of crypto. Even when War was confirmed in Ukraine… why did we not see a harsher reaction from the market? Why are we still making higher lows? …From 28k in 2021, to 31k when the year started, to now 39k after making a strong bullish impulse upwards, nearly reaching 48k once again?

Bears are starving. I don’t see the strength. I’d love to be proven wrong.