No. Way. Bitcoin (BTC) just hours ago touched the $7,000 price level in a brief spike. While the cryptocurrency has since fallen slightly, returning to $6,800, it remains up by over 7.5% in the past 24 hours and well over 50% in the past month. For now, it seems that bulls are back, and are thirsting for the blood of bears. (It is important to note that altcoins, from a BTC sense, have fallen dramatically, as investors liquidate their non-BTC stashes for the lead asset.)
As you’d expect, analysts have been all over these recent moves, trying to determine what’s going on, what could happen next, and what will drive the moves they foresee.