The recent price increases in Bitcoin and Ethereum are not due to short liquida

[vs2014]

Bitcoin and Ethereum have seen a significant pump since the Iran and US ceasefire. This can certainly be considered a positive sign because if the effects of this war end there will be a large positive position in the market. In that case the current price uptrend could be even stronger.

Source link: https://www.theblock.co/post/396943/cryptoquant-bitcoin-ether-price-rally-perpetual-futures

What might your opinion be?

[Oshosondy]

With technical analysis, bitcoin is showing as if it might go to $85000 but this may not be what will happen for now. Just know that this is not about the war at all. If bitcoin will increase, it is not about the war, it is just time for it to increase. All I can see is that bitcoin might increase to $85000 probably next month or in next few months but I do not know if the bears will allow that to happen because the bear market supposed to be longer. Maybe bitcoin could increase a little and fall back a little.

[o48o]

Bitcoin and Ethereum have seen a significant pump since the Iran and US ceasefire. This can certainly be considered a positive sign because if the effects of this war end there will be a large positive position in the market. In that case the current price uptrend could be even stronger.

Source link: https://www.theblock.co/post/396943/cryptoquant-bitcoin-ether-price-rally-perpetual-futures

What might your opinion be?

Here's that significant pump in action. You see that as a significant pump or normal uncertainty that happens all the time in resistance levels of bear market?

I understand that people are interested and want good news, and each to their own, but what past has taught me is that at least for me news are just noise right now when it comes to markets, and unless you are a day trader, there's no significant "uptrend" here any time soon that would benefit an investor.