The more people throw around with insanely bullish predictions the more I feel shorting crypto is the best way to move forward in the short term. The only thing preventing me from shorting right now is the ETF decision next month, if they don't delay it with another month. On the other hand, dumb money future shorts (way more shorts than longs) are indicating that we can expect even more upward movement. If there is no clear indication of a certain direction it's better to not do anything, especially so with how there is enough time till the SEC will come up with a decision.
You are right to be suspicious, it all looks like a textbook manipulation - build the hype around some news, ask "experts" to make predictions, pump the price a little and that's it, you have a fake bull run with newbies and greedy traders FOMOing because they have no patience. Then manipulators sell when they see that buying is slowing down and the market crashes back to previous level and panic sellers suffers losses. Even if ETF will get approved it doesn't mean that we'll go to the moon by the end of this year, when the news hit the media, fat pockets have already made their move. My optimistic scenario is that we'll have a slow growth to 10-11k if this will indeed happen.
