The last true and visible trend on Bitcoin was bearish. This was the downtrend from 48,000- 17,500, and the trend lasted from March to June 2022. Since then, Bitcoin has been consolidating, almost a year to date. Even after the collapse of FTX and several other exchanges last year, there was little reaction on the actual Bitcoin chart. It will take time for investors to be confident in Bitcoin again, but I am almost certain we will see another bear trend in 2023.