The current price of Bitcoin has broken through $40,000. ZB.com research report said. There are two factors driving Bitcoin's price surge. One is that retail investors have paid more attention to it. Second, it has something to do with institutional investors competing for hoarding Bitcoin. According to the market, Bitcoin still has an upward trend according to my bias , what is your opinion ,are we going bearish or bullish?
First and foremost, I believe you're on the wrong board. Your topic tackles about Bitcoin and this is the altcoin board.
You can move this topic to the Bitcoin discussion board though.
IMHO, the first thing that drives Bitcoin to surge is the institutional investors getting involved in storing Bitcoin as a long term investment. Then, retail investors followed.
At the same time, I believe the whales are also pouring all their budget to Bitcoin causing Bitcoin to push more than the ATH.
No bearish movements yet, the price declination was caused by correction.