Although it is hard to tell exactly what is going on, it is definitely a good sign in my opinion. Any major movement in the market gets people watching and investing. This might me what it takes to get a greater move in the market, but like you said it is hard to tell.
I believe it is a good sign.
Thank you for sharng and keep on steemin!
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The main reason for this is that the Arab states have declared that bitcoin halal
And this has encouraged the entry of large capital to the market