This is a "return to normal" phase pushed by bulls who are trying to reclaim losses incurred from buying at the top last month. I'm guessing buy support will break before we can push to another ATH.
You may be right, I'm not sure whether we'll pass the ATH quite so soon.
However, I reckon these "bulls" you talk of pushing the price up, are not the same bulls that bought at the top. The
big money would be smarter IMO, and would have waited for a correction before buying in, or bought in earlier.
What that means I have no idea, bullish I guess??
Earlier like $0.1 earlier? Come on, big money knows how the exponential function and the s-curve works. If they understand bitcoin, they will buy as much as possible as soon as possible.
If they did this btc value would already be 10k+
I take it as a sign that we are still VERY early, but that's me. After all, this isn't something innocent like a messaging program or another name-brand computer. This concerns the worldwide economy, more than that, the very fundamentals of it. Of course fiat investors are going to be sceptic, even if they understand it.
I agree completely, it shows that big money doesn't understand bitcoin... yet
Seems like they're starting to come around slowly now they realise it isn't just a fad.
The real growth is still ahead of us IMO
