This is a fun article to read, in hindsight.

Because it tells us that many analysts believe we'll enter a new bull run if Bitcoin breaks $21K.

...and as of this writing, it has!

Ok, cool, but why this arbitrary number of $21K?

The crypto market might seem like a bunch of numbers randomly going up and down...but it's not.

Those rising and falling numbers are representations of human behavior. Specifically: whether or not the majority of people in the market are buying or selling.

(If the majority are buying, the number goes up. If they're selling, it goes down).

And as humans, we have a tendency to get in our own heads.

We use all sorts of tools & graphs (like 'Fibonacci retracement levels') to inform ourselves, then decide we'll only buy-in at certain points.

This mass-decision making creates 'points of resistance' in market prices.

And for Bitcoin, one of those resistance points was at $21K.

Now that this barrier has broken, the psychology of the markets (i.e. the psychology of the hairless apes buying/selling made up tokens on their thinking machines) might change.

The hope is that the fear held by everyone over the past 8 months or so will be replaced with hope, and a new bull run will begin!

...then again, it could all go to hell.

(Humans are highly unpredictable).