But, some people believe that the price uptake was due to FUD only and may revert back if investors get any fear. However, I'm positive that Bitcoin won't go below $30k again and if it's above $30k then we're in safe zone and we'll see further upward movements.
No matter what people say about the rise in bitcoin prices whether it's FOMO or FUD all I know is that if the price of bitcoin stays above $30k until next Monday, I think we will find another high next following the weekly charts which are clearly going to be bullish, If it stays above $30k in the last few days everything looks stable and I hope it stays there until the beginning of the month, because I bet on price bets on freebitcoin and hope to win also bet on ETH and BTC price predictions.
But it all comes back to market behavior as well and traders, although there will probably be a price drop but it won't be too big and it seems like the market is in good shape to see higher prices again in the near future, my hope is that at least it really lasts and doesn't go down under $30k or $32k.