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.
You kidding right? because we can't put any timeline, and just like that, Bitcoin goes down from $95k to $92k currently, so it's just temporary but obviously there are a lot of short term traders or speculators who might have taken advantage of the situation and squeeze some profits.
And it just shows how volatile the market will and will be in the future. So we don't know, at least we should be in the bullish trend still for this year but there could be a lot of humps along the way that it's really hard to see what will be all time high for this cycle.
So this basically favours people that trade, and trade really well, because they can profit off this movements. Or you can just HODL.