Bitcoin recent price jump is indication the bear market is over and things will start moving in positive direction anytime soon.We need time to confirm if what the price increase was a bullish sign or fake out.
i hope it is. though i think this is only for temporary reason or a fake out as you said because as what i notice today , the price do still drop again.
the is still volatile and i think it will work this way until we reach the last quarter of the year. I have a strong feeling that the price of all the cryptos can jump only on the month of december and it will fall again after we enter the year 2019.
We need a big confirmation if bear market is end already because the market is very volatile but the good thing is bitcoin is able to sustain above $6400 level, Hopefully it will continue. A lot of positive news right now and this can help the market pump. Its ok if this pump is fake because we can still have more opportunity to buy bitcoin at a cheaper price, no matter what the trend right now go for long.