Bitcoin is almost touching $4,000 and it had a small rise, but the factors that brought Bitcoin down from $20,000 to $4,000 are still there.
The price of Bitcoin seems to be too high even @ $4,000, because there isn't any fundamental behind it, the price of Gold also had a huge rise to $2,000 several years ago but it dropped 50% of its value pretty fast.
Today Gold is stable around $1,350 per ounce ... but Gold is a scarce resource, a physical one ...
Bitcoin is not, it's just means of transferring money from one to another and it has lots more competition.
So these fundamentals show the price is still bearish, the small rise from $3,600 to $3,950 is probably a correction in the market.
Does anyone agree?
**All of the above is a pure speculation.
if the bitcoin whales by back their own token, and can trust into their army of "hodlers"
they could indeed and then make everyone told "hey look we have so much money"
in order to attract idiots bringing them hard earned money.
thats what they want, attracting working idiots so called "earners" to gamble their "savings"
regards