Not all good news or little rises signify a bull run. We might yet be a long way from a bull run, possibly last two quarters of this year.
I guess there's no need to draw up scenarios because it will always boils down to two: going up/down. Currently, the marketcap is up to 141 billion and volume trading is also spiking in the last couple of days. But it seems there is still no bull run in the horizon. Maybe if we see the price for bitcoin to go to $5k-$6k levels then we can all assume a bull run has started but so far, it just the same pattern all over, just trading sideways and if it reaches the price of $4200 short day traders book their profits, causing the price to fall again.