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.
The bull has started and there is no going back because I don't see this current trend as a pump as some people may speculate. The good news is that Bitcoin has Cross your expectation of $8,000 after seven days that you open this thread of which I see some people saying it will happen before end of this month.
Many of us are becoming professionals speculators these days and I see many speculating coming to pass those of both bullish and bearish one! Therefore, I am happy that those speculations are now coming to pass and bitcoin has conveniently crossed $8000 today, though some traders are taking profits now.
Yes, Bitcoin price has crossed 8000$ but that doesn't mean necessary it will stay on that way. Corrections are always possible and to my opinion different speculations will continue. Currently it looks like Bitcoin price is heading towards 10000$ but this could be a long way and despite current relatively fast growth it might take a while.