I've actually been waiting for $BTC to drop at least before it will move up again, but each time I sleep, I just see notifications that $BTC is pumping again. And now it has finally broken the all-time high. My genuine question is: what is the force behind the bullish trend that we're seeing now? Because I've checked the internet, and I haven't seen any news that affects the current waves we're seeing. And also, do you think we can see $150K soon?
Historically this year is a green year for Bitcoin, as one year after a Bitcoin halving year is a year of ATH for Bitcoin in each market cycle. It's true in the past and can continue to be true in this market cycle.https://charts.bitbo.io/yearly-candles/
Bitcoin ROIs has decreased cycle by cycle so far and this market cycle can be a next one with lower ROI than past market cycles.
I don't know will Bitcoin makes its all time high about $150k in this market cycle or fail to do it but I hold bitcoin for long term, longer than this market cycle, so this price target is not important with me.