Looking at the price rise from the trading perspective, traders have been drawing lines and for a couple of months now been saying that the large bull run is around the corner. And honestly, if you zoom out and look at just the lines and the last few large bull and bear runs and don't ask anymore questions, it really does look like it's time for a reversal.
Seeing people hopping in and buying BTC in hopes of riding the next big wave in hopes that the price goes to at least 70k.
Honestly I'm interested in this particular wave since given the recent currency devaluations that have happened since the last BTC peak in November 2021 I'm wondering what the odds are that BTC actually hits that magic 100k number if this is the big bull run people have been waiting for. And if it does, what happens then since that's the magic number the Bitcoin absolutist (maxis?) folks have been waiting to tout.
So basically, not sure if the current wave is anything to do with the actual news or just the retail trading that's going on.