Personally, I am hoping that Bitcoin is already on its way into good recovery since we are now in the 2nd Quarter of 2018 and Bitcoin hodlers are already getting tired waiting for the silver lining to come into their weary hearts and minds. Frankly speaking, nobody can truly predict if this is already the recovery we are waiting for or just another bad trap. I am just hoping that profit-taking will not be voluminous this time that can possibly push the value down again.
Many are saying negative against bitcoin but still even with this good price increase many nay sayers are discrediting bitcoin and that this is just a hype to make people get excited but actually bitcoin is dying and so on and so fort. Either this is a hype or a real positive direction for bitcoin i am still very happy with this movement. And I am hoping that this price will continue to surge up high.
I am sure it is recovery not a trap, because we all know that the price of bitcoin is very volatile and it can change anytime even in minutes. 8k is also not a very good price a few months ago it reached to 19k. If the price is growing with time it is good sign but we will be happy when it cross 20k because we have already saw 19k. For that we will have to wait and should be patient.