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#CryptoCommunityReturnsHome
Bitcoin has returned above 70k and the crypto community suddenly feels more bullish.
Just a few days ago and the general feeling was "I'm out of crypto".
Now BTC is pumping and everyone seems to be back as if they never left.
This is the world of crypto-sentiment can turn around quite rapidly.
BTC: Back Above 70K
Market Sentiment: Bearish, then bullish
Big Question: Is this a real trend reversal or just a quick Pump.
If BTC holds above 70k after the initial spike the bull case gets really interesting. Increased spot buying, consistent trading activity could maintain a recovery.
Although, even this sharp recovery can signal the beginning of anotherbull market. It's possible that we saw a sharp spike up, to induce a short squeeze; then it’s momentum trading and possibly FOMO for prices that then plummet and consolidate before or after.
The actual question for me now may be whether BTC maintains itself above 70k even when the noise subsides?
'Never playing again' to 'possibly bulls are back,' only in a matter of days... Only in crypto.
BTC ReturningHome? Or just Visiting?
Bullish at 70k now or will you be awaiting a pullback?
#BTC #GateSquare #MoonGirl