So I was checking the bitcoin market some minutes ago and I saw that the bitcoin is currently trading at the price of $19,900 and today it went bullish and reached above $20,000 price area and retraced back to its current price again..
When we look at the "on balance volume "indicator and the price action , we will see that the bulls clearly are taking the lead on the bitcoin market at the daily time-frame , but I cannot specifically state when the bulls will get weak on the market , or how long the bulls will hold the market at this moment or if the whole market is about to become bullish on the long term..
Looking at the chart , the price action is showing a strong support at the price around $18,100 , and so I am wondering if this could mean that the bearish market of the bitcoin ended at that price zone and so we might expect to see a continuous bullish bitcoin..
Whichever way it goes, I am sure that many investors would be glad to see the crypto market become bullish again, the market have been bearish for so long now, we want fresh air..winks.
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