Today Bitcoin is almost touching $ 6000, even though it is currently down slightly at around $ 5900. Under current market conditions, what do you think? Is this a momentary pump or is this a real change in condition? I think this is a change in conditions towards the start of the bull.
Now the price of bitcoin, according to CoinMarketCap, is $ 7,922, that is, almost eight thousand dollars. That is, in just five days, he was able to grow in price by almost two thousand dollars. It is difficult to argue that a full-fledged bull market of cryptocurrency has come. In addition, in fact, Bitcoin began to grow in price from the beginning of April, when its price was about $ 3,000. That is, in a month and a half, Bitcoin rose in price by almost $ 5,000. Isn't it a bull market?
measuring the rise in bitcoin prices since the beginning of the year, of course this is a big increase. What's more, the price really almost reaches $ 8,000. this has been an increase of almost 100% since the beginning of the year. in terms of recovery, I think the increase in bitcoin prices will not stop here. this might continue to happen, until the price of bitcoin can reach $ 10000.