I have searched through some relevant crypto sources to know the cause of the sudden pump in the price of bitcoin today but I haven't seen any report yet but before the end of today I will find out. However, for the fact that the price of bitcoin increased today doesn't mean that we are about entering a bull run. Of course, during bear market, the price can still experience an uptrend but it doesn't mean that it will continue rising till it get to $180k or $200k before the end of the year.
How sure are you that you’ll be able to get 100% accurate reason why the price of bitcoin suddenly increased to $68k, I doubt if you’ll get a 100% sure reason for that because there are so many factors which triggers the market price reaction weather it’s increasing or decreasing. There are so many forces responsible for this and even most of the factors are unknown to us. Each of them exacts its weight so it’s difficult to determine which of the force is responsible for this sudden increase in price.
What just happened today is a proof that bitcoin is unpredictable just as we have been saying it here and no one or any tool can accurately determine what the price will be in the next minute, not to talk of what causes the massive increase.
I was expecting the price to fall back to $63k where it started the rally but up on till this time, the market is still bullish around $69k and will likely cross $70k so there is hope of the price continuing with this rally till it get to $100k before a correction will happen.
$180k - $200k seems unrealistic this year, maybe a new ATH can be achieved but let's see how long this bull will last and the price it will begin a resistance then we can anticipate that the next bullish move is going to be massive. You can stack more BTC but don't be deceived by this bullish move today because they market is not yet set with a strong support that will enable a continuation.