You can noticed that bitcoin has been showing signs that it wants to make $70000 a strong support now as it is increasing back above $70000.
Will this hold and bitcoin will increase almost up to $80000 or more than $80000?
Or bitcoin will later still not get above $75000 and go back lower than $70000 as usual?
For me, the more we stay above $70,000, especially on every daily close. It is just making it a more bullish case short term, right now, every $10,000 will be acting as support and resistance, like before, $60,000, now $70,000, next $80,000.
So for me, Bitcoin doing like this price action lately is better than experiencing huge volatility like instant pump or dump in a short period of time.