What do you think of the sudden bullish movement that has gone on recently? Some are saying that it’s a bull trap. Which is a fast signal indicating that a declining trend has a reverse and is heading upwards when, in fact, the security will continue to decline. On the other hand, others are saying that it might be the start of a Bull period.
At the time of writing this, we are sitting at 315 billion for our market cap. This has gone up astronomically in the past couple of days. Here’s a fun fact!!!
The theory behind whether unprecedented Bitcoin price gains for bitcoin, which saw it’s value surge by more than $1,000 in less than an hour. This Has let some analysts to speculate that the news of bitcoins sharia law compliance may have contributed to the price spike. This has opened out to a whole new market so to speak.
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Will this last or will it fade away? What are your thoughts?
