The price of BTC sink down to $3k and now its abut $8k, this I think is almost a confirmation. It be good to see finally BTC reaches to its ATH again but it may take months or a year before that happen.
I see market conditions getting better and even a few coins are able to continue to rise significantly. But even so, I have not been able to call this the beginning of the bull because sometimes the market also moves beyond what we expect.
Of course, over the past two days, the cryptocurrency market has shown fairly good results. Although if we talk about the opportunities of the bull market, the growth rate should be more active. Perhaps we have already gone through a period of market stagnation and will observe a slow but confident in setting prices for cryptocurrency.
There still is no reason what triggers the price of BTC to shoot to moon. But I guess its enough to see it goes up again to bounce back after all the cap reaches that high since 2017.