Let's take a look on when OP asked this question.
Bitcoin and the rest of the altcoins are also down so it's not yet the sign of the bull market. A sudden rise would clearly be seen if the whole market was fully recovered with a rise on it. And everyone's prediction that it can be the sign of the bull when bitcoin hits $10,000.
A sudden rise may just be a group of traders that speculate it is the right time to buy or it may just be a single entity that loads up but it doesn't mean it would be the beginning of a bull run. One of the signs that there would be an incoming bull run if the volume is building up and if it would cross the single thousand digits in which case it wouldn't go back to the single thousand digits again and many would wish buying when it was cheaper. As of now, the market is down and the case may be is that some whales are shorting because they want to load up for the incoming bull run.
It's been a depressing week. All the coins value were down! I hope that it will change from now on. I want to see some green guys.
It is depressing to see my portfolio being bloody but what can we do, the market does what it does so we need to plan ahead of time what to do in case the price reach something whether it will go up or down. We just have to strive hard to maybe become a whale someday.
