The change in short-term trends led many people to believe that the worst for Bitcoin and the crypto is over. The price of “digital gold”, it would seem, firmly entrenched above $4,000. Restoration of the market is encouraging. However, do not exaggerate the current growth. For the first time in a long time, BTC confidently added 10% to itself, however, investors and traders began to confidently discuss the bull run.
Opinion leaders guard against excessive euphoria. For example, Joseph Young recalls that the market is still bearish. However, he acknowledges that the likelihood that the bottom has already been reached is very high.
Jackson Palmer made fun of those who are so wildly happy about breaking through $4k resistance line, hinting that recently the Bitcoin price was 6 thousand, which we are now far from.
We agree with users who are not too categorical in their positive forecasts. Moreover, today’s correction confirmed the prematurity of bullish moods. However, fundamental shifts do occur in the market, including the growth of trading volumes, an increase in interest in Bitcoin futures, and the release of the Samsung blockchain smartphone. We are getting patience. The main message of today’s growth and bloodbath is that the market is alive and interesting to the world.