This is really good news. Can we consider this as sign of the much awaited bull run this year or early next year? Yeah let's wait for the next few days or even few hours what might happen to bitcoin and to the rest of the cryptocurrencies.
We are so tired of living in a red world that seeing a bit of green in the market makes us insanely happy. This pessimistic and tired souls of crypto trading is the sole reason why I believe we will have greens as far as eyes can see one day, maybe not soon but there are A LOT OF people hoping there will be greens in the market. The trouble is if you want greens than you need to buy, however the market already bought a lot back in the day so we do not have as much volume as it is needs a lot of volume to get higher.
Now if we have a lot of people with bitcoins and altcoins already bought and can't buy more because of lack of funds and all of them are hoping for greens what could we do? Well by time many of them drop one by one, a lot of people just say "its enough" and sell and we have fewer and fewer people who owns coins, which means there are more and more people out there who have funds.