Many people expect there will be another bull run in the more or less near future. But who, whose money, what will be the fuel for next bull run? New investors? Smart money? Why? Do elaborate, I am very curious to know your thoughts.
The market has a feature called technical analysis. It takes into account the psychology of all those who want to sell, buy or hold on. So, if certain resistance levels are broken through, no new participants are needed. Older members themselves are moving the price up.