After some time we are seeing some good and positeve movement in price for bitcoin and crypto in general. Is this good or bad? Are bulls back in game or they just manipulate price. Or we have fresh money that is coming into bitcoin and that has given the market a nice pump back into the USD 7400 price level.
Or we will have some other factor into this this like timing, or better yet, buying/selling at the right time. Or we will have to make correct prediction in price and we can have good profit.
Believe this is just the beginning, on this I mean that there will be opportunities to make some small purchases, here and there, in the hopes price will continue to raise past the USD 20k level.
What is your opinion on this?
The price is moving because there are very high expectations about what it may happen in the next days with the SEC, so this growth in the price comes mostly from speculators but the bulls could come back to the market if the outcome of the decision of the SEC was positive but if that does not happen then the bears will attack again.