Bitcoin: Do We Have a Bullish Bitcoin Market?

It depends on the timeframe we are talking about and which tools we use to describe the market conditions. But what is exactly true in the daily timeframe, BTC tries to start a new uptrend, and we can see these attempts for 2-3 weeks already. We have these bullish signals:
- the trend reversal signal based on a bullish divergence
- the breakout of the daily downtrend line
- new swing high and low is higher than the previous one.

Now the price is not far at SMA100, which can stop and push back the market. If so, the next swing low will be very important for buyers. If the price stays above the previous swing low, let's say above 7000.00, we will get confirmation of the bullish trend based on swing highs and lows.
If the price breaks SMA with 100 period, we will get another confirmation of the trend reversal and that the market is in a bullish trend. And of course, the upward movement should be confirmed by active buyers and fundamental reasons.

Now the market can bounce from SMA100 and move lower, but it will be absolutely normal. The market builds the uptrend step by step, and any new impulse wave comes after a correction wave.

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