Disclaimer: Im going to give you my opinion and I want you guys to make your own analysis. Anything I say can be proven wrong.
Guys im looking at the indicators and where bitcoin is at right now. The stoch RSI, does not look as bullish as it looked like when bitcoin pumped from 29k. The MacD is showing a bullish cross, however the pump has not been shown to be very powerful. What does this mean to me? Its showing me a sign of weakness. However, this can also mean bitcoin has not finished going through a correction. For bitcoin to stay out of a bear market, it has to remain above the September low which 39.6k. If bitcoin breaks this level, it could indicate a bear market and next level to reach would be 30k. Very important for bitcoin to get back above 52k to make a new ATH. Having said that bitcoin really needs to start pumping to show true strength.
Guys im looking at the indicators and where bitcoin is at right now. The stoch RSI, does not look as bullish as it looked like when bitcoin pumped from 29k. The MacD is showing a bullish cross, however the pump has not been shown to be very powerful. What does this mean to me? Its showing me a sign of weakness. However, this can also mean bitcoin has not finished going through a correction. For bitcoin to stay out of a bear market, it has to remain above the September low which 39.6k. If bitcoin breaks this level, it could indicate a bear market and next level to reach would be 30k. Very important for bitcoin to get back above 52k to make a new ATH. Having said that bitcoin really needs to start pumping to show true strength.