Is there any particular reason Bitcoin has jumped 100%+ in 5 months?
The article below is really interesting naming 5 of the potential causes, but i'm still not convinced this is sustainable - it's reminding me of 2017 times and I sense a correction. Let me know if you think it's any different this time and why?
When the rally started there was a huge buy order for multiple millions in several exchanges and during that time i heard that it was the catalyst for the price to increase like that, but now it has broken many resistance and on the verge of another milestone, that is $10 K will be a major resistance to break and now we have some reports that someone moved huge amounts of bitcoin from a dormant wallet, may be it is done to create panic and bring the price down, what ever be the case it is to be seen how the market reacts now.