As expected, because of the recent BTC price surge other altcoin are on the move upward, and I'm sure a lot of people saw this coming, but I think the real question now is how long this trend would last.
Because we've been here a couple of time, and it would be cool if we can put a timeline on this, if it's just a temporary move, and even if it isn't, how long can we expect the bullish trend to last.
After the last few weeks the crypto world has gotten a lot of bad news, one of the worst is the theft of more than $1.4 billion from Bybit, these thieves managed to take advantage of the bybit team negligence to successfully steal the money, even though all wallets connected to the money have been marked, this has a significant impact on prices in the market, especially Bitcoin.
I think Bitcoin price will enter an uptrend phase, provided that good news continues to come out, this can lead to increased holder confidence, which has an impact on price increases. However, the potential for Bitcoin to go back down is very large, we don't expect it to happen in the near future, for a while maybe Bitcoin will sideaway until waiting for the breakout moment.