Bitcoin is hading towards its previous all time high, casually going above $50k, heading towards $60k, which is really interesting, because its giving bull run season, because in the last bull run, the price of bitcoin was at $69k. At least it was ranging between $50k and $69k. Ethereum was at $4.2k, the total crypto market cap was above $2 Trillion. Today, the total crypto market cap is over $2 Trillion, bitcoin has a higher dominance, its price is over $50k, giving the bitcoin market cap to be $1 Trillion. Are we in the bull market now? What do you think? Bitcoin is pumping, Ethereum is pumping, some alt coins are pumping not all alt coins are pumping though.
In the past when the price of bitcoin was on a free fall, it was so easy for other coins to follow the same free fall, but annoyingly sad that most alt coins that went free fall with bitcoin isn’t pumping along with Bitcoin. In as much as bitcoin is pumping pretty good, some coins are pumping better. I have seen numerous coins that have done 1000% since bitcoin started its pump. We have all been anticipating this bull market, see were prepared, some weren’t prepared, but in as much as we are preparing for the bull market, you should also prepare for your bull market exit.
Lots of people held through the last bull market and held back down to bear market, making all their investment efforts look worthless, how do you watch your investment pump over $200k only to watch it dump to $15k, now you have to hold it again and watch out for another bull run. It’s funny that bitcoin at $50k is no longer considered a bull run price, remember 4 years ago where $18k bitcoin was a top bitcoin bull price. This is why it is said, when in doubt, zoom out, you will see how far the market has come. Bitcoin might just pump to that $100k price and we will all be here to celebrate it.