With this sequence of unexpected pumps, I don't see in any way that bitcoin would not reach another ATH this year. (even it dump back after this low surge pump)
That's unlikely unless someone really big chooses to test waters with crypto. But that's even less likely as the wealthiest investors like Buffett and Soros have already expressed their concerns about the long-term viability and success of cryptocurrencies. On the other hand, there are rumors about the Persian Gulf potentates and moneybags being interested in Bitcoin now that it has been declared compliant with Sharia. Don't know how it is going to play out, though.
Hmmm. That's sounds interesting, but I do believed that they are already in the crypto investment since last year specially around the peak last December. But just maybe the push has something to do with Muslim announcing bitcoin as complaint and not against their religion. But it looks like we are trading sideways now and there are no more money going into the market as of the moment as the price keeps fluctuating in the $7800-$8000 range. Anyways, we should celebrate this early but continue to observe and see how everything pans out.
Yeah, a lot of people have been saying that and normally, we always expect to see the market experience some surge or decline based on the response to some certain news once in a while.
It is still a question unanswered as to what could have caused the skyrocketing within that short period, but one way or the other, it is a volatile market and we just have to live with some of these quick fluctuations. Nevertheless, we still have a long time to confirm before we know if we are in a bull market or not.