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.
We're seeing an adjustment in price right now which is pushing prices up from the current $6k floor, I know that.
However, this seems to me right now to not be established enough to say that it's going to be the start of a bull season, all of a sudden. Even if it does go up to test the $10k resistance again (which is very unlikely imo), we can't call that the start of a bull market.
People are saying that in the second half of the year, we'll see a bull run in the same magnitude as something like last year. To me, this is not going to happen. It's extremely probable that prices are going to continue to either dip, or move sideways for the year with basically no upward growth simply because we've got no bullish momentum right now. If you look at previous bitcoin price cycles, you'll see that bear markets will last around 1.5-2 years, and we're nowhere near that yet.
Don't get too optimistic and ahead of yourself. A full on bull market will come eventually as a natural part of the price cycle, but definitely not this soon.