All the hype last night was about bitcoin reaching over $100,000 for the first time. For anyone still saying we are not in the bull run are clearly missing out as just a year and a half ago bitcoin was trading at $16,000 - $20,000.
Now one thing we are starting to see are companies like MicroStrategy and others starting to gobble up massive amounts of bitcoin in what some are starting to say they are trying to short squeeze it.
In terms of bitcoins future there's still time it might retract mainly because Trump still is not yet president and his pick for the SEC etc are also not yet in office. So right now this rally is mainly fueled by large companies buying it and speculation on news events that have not yet happened. This means things like Trumps SEC pick getting into office are most likely already priced in.