Bitcoin is recovering and has yet to move into a true bull run. The increase this time seems normal as the price is starting to increase to a higher price, but if this time, the price can immediately increase to $50k or $60k, that's just a real bull run, and it's only a matter of time until the price can exceed the last ATH. But that looks unlikely to happen as the bitcoin price is still underwhelming, and there is more than $47k left to be at $69k.