Today was a good day for btc, profits are nice..
But, what do you think? will this last?
Is this the Bull Run?
Honestly, the crypto market needed a good event like this one so that peoples could think again about crypto, imho, i think that some whales are back to the game ground. Otherwise, that move might make people Fomo'in and there will be bigger dumps.. Be wise guys!
*Share your thoughts*
Let's not get ahead of ourselves, just because bitcoin increased a bit doesn't mean it will be a bull run. It is obviously great that we are not dropping anymore and it is looking like the price is getting stuck at a shorter and shorter period everyday which means eventually it will move one directly very fastly but we are not there yet.
Normally, a price range is wider when it first settling and gets smaller and smaller but this has not been that small yet, I think we have couple more down and up before we can actually see a sudden move in the price. At that point we will see if it will be for going up or going down but it will certainly happen. Considering the price is already horribly low I am really hoping it will be suddenly going up. Even then I don't think we will see something like 10k+, it will probably be more like 5k or so.