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.
Well after that pump, we are currently seeing Bitcoin below $90,000 again (currently at $86,000 at the time I'm posting this).
When the market pumped just because of some news, there's a high probability that it will go downwards yet again as many people will sell their assets, and that's currently what's happening. The recent pump is just a temporary move, but it's good to see the market to pump at least.
What's next for BTC? I'm thinking of 2 scenarios. Either Bitcoin will make a retracement around the $80,000-$85,000 price range and will go up in the following weeks, or worse case, Bitcoin will fall down below $80,000 again. I think the 1st one is what more likely to happen, but we'll see.