A trend reversal is very possible here, we've seen it for the 1st time here on Jan 23rd, marked circled on the chart, now facing the exact same pattern. If Bitcoin breaks out of this channel and doesn't repeat it's previous pattern, it'll move sideways along the 9600 support level and i'll update you from there. It's impossible to tell if it went sideways what the sentiment would be at that point.
Market sentiment is still bullish and many people are buying these dips. Myself included in those people. I'm buying every single Bitcoin dip under 10,000 .
Bitcoin isn't bearish yet. If you zoom into a 15min-1h chart of course it's going to look bearish, you just have to zoom out.
As always please do your own research, I am not a financial advisor.
Market sentiment is still bullish and many people are buying these dips. Myself included in those people. I'm buying every single Bitcoin dip under 10,000 .
Bitcoin isn't bearish yet. If you zoom into a 15min-1h chart of course it's going to look bearish, you just have to zoom out.
As always please do your own research, I am not a financial advisor.