I read it on news that as the price of bitcoin is getting closer to $70000, that new and old whales wallets are accumulating bitcoin at a speed which resembles July 2020 to January 2021 when bitcoin increased by 550%.
According to the news, what it means is that bull run is likely coming and that this is just the beginning of it. What you think about it? I think history can repeat itself.
I believe there will be a price spike. But the spike repeats history as you said, it will be a huge spike.
Let's say the price at the beginning of this year was around $45k. If the increase in the upcoming bull run is the same as you said 550%, it can definitely break above $200k.
I think that's something amazing, but we want to try to see $100k first which will be the new history of Bitcoin price achievement.