Bitcoin is silently pushing up for the past few days, what could be the reason, could it be because of the halving coming up later or that the bulls are back in town.
I've been saying since the low $7Ks.....this is the most bullish price action I've seen in months. No point coming up with a reason; let's just call it "excess demand overtaking weak supply."
There is still a shitload of resistance to get through (the 20-week MA for starters) so I don't want to jinx it. But it definitely
feels like the bottom is in. The bearish sentiment of the past 2 months is panning out: all those bears are starting to buy back.
Once the market pushes towards $10K and starts holding above the long term MAs, I'll be more comfortable declaring a mid-term bull market.