The cryptocurrency market looks all good today and i believe this news has brought good news to the entire crypto community but i just want to know is this the highly anticipated bull run of bitcoin that has been spreading all over this forum or this is just the tip of the iceberg.
I wouldn't say that we are in a bull run right now, remember we have seen similar movements in the past couple of months. Same pattern that after a bottom bitcoin suddenly burst and everyone was jumping for joy thinking that a break out run is on the horizon, but it was just another bear trap. I would say its too early to call, because as far as I know there's no news that will really push the price at this level and I don't know what influence the investors to suddenly ignite the bitcoin market. If this is sustainable at least at the $7000 levels then it might be the case. But its really a good thing to see bitcoin on the green side for once. So stay relax, we all know that whales and day traders loves pushing the price to FOMO'ed, but suddenly short it, taking big profits.