We have so far reached almost half of the month and until now, no one can be able to tell what direction the bitcoin market is headed. Most people feel like it’s in the consolidation mode now and we should expect a push to the upside after that, which may actually happen in that manner. The bullish sentiment is not convincing enough even though some presence of it is being felt in the market, that’s why it’s kind of confusing to actually tell the direction the market will be headed.

I will say that my overall trend of the market is downtrend and strongly believe that the bear market has eventually arise, so it was better to also prepare for it and make up your mind on what the market has become overtime whether in support of me for a bearish trend or little convincing thought for the market to still be in the optimistic of another bullish ride.