I see that the price of $BTC went from $6300 to $6600 very fast. I'm wondering why that happened and if that's a bullish sign.
Since we did not go under $5800, it feels like the bearish market is starting to run out. If we continue to hold at these levels, is the bullish market coming sooner and faster than expected?
Also, I wanted to ask how Bitcoin Future Contracts work and if there is a possible relationship with the price jump. From what I understand, people agree on Bitcoin future contracts by agreeing on a price and time to sell BTC for? Is that correct? Or could someone give a short explanation on how they work and how they can affect the price?
Do not be so much deceived by any serious jump right now, and what kills a lot of new trader is over activity. At this stage of the market, it is better to always allow the market to develop than assuming anything. We are in a bear trend and being careful in a bear trend should always be the thing for most traders and investors, which is better to see a clear signal before entering a market at all. There is absolutely no clear signal right now as the case may be, even not with the quick jump.