It's a bullish first month, that's it, judging right away it a very immature way of judgement.
We should definitely look at the long term, maybe a 3 months period would be a good basis since halving is going to happen the next month.
If this is just all about the hype of halving, this market would correct after the halving, hopefully I am wrong.
Exactly, that is why most people got confused more because of this. Bitcoin works best in a long term thus, the good price we are seeing now may not be a sign of having a bull run. We all know that bitcoin can be very unpredictable we might see and incredible increase in the past few days but we really dont know whats gonna happen in the next few days.
And even we can never forget the big whales which already have accumulated onto the markets. These big whales are the ones who posses higher amount of bitcoins onto the exchanges and they could even create false bearish or bullish trend like patterns just to make us have faith in the markets. This case is already be experienced several times and that's what keeps making the markets unpredictable ones.
Big whales are the ones who might be most wise and for their own individual profits, they might create any fake patterns which can look like real ones. They only have to manage some of their buy and sell orders which indeed would create false patterns and once they fill their bags with profits, they would leave the markets on their own conditions which might even breakout a bearish trend.