How are you? By Allah's grace, I'm doing very well.

So here you can see that in the last 24 hours, Bitcoin price has pumped almost 3.5% and Ethereum is exploding, Ethereum has pumped almost 20%. And due to Ethereum pumping, we are seeing pumps in many coins in the crypto market, now the real question is that Bitcoin and the entire market are pumping, is this a genuine pump or is this a new trap. Because we have seen such incidents before, the market suddenly pumps 50 to 70 percent one day, then it goes down again for a week and the amount it pumped in that day goes down more in the next week than it did. Now many people are thinking, after pumping Bitcoin, will you take your profits or hold on?

If you check the ranking of the world's top assets right now, you will see that Bitcoin is at position 5. A few days ago, Bitcoin was at number 7 in the ranking of the world's top assets, due to the sudden pumping of the crypto market or you can say the inflow of a huge amount of money into the crypto market, Bitcoin is currently at number 5 in terms of worldwide market cap and this is a positive aspect for Bitcoin.

Apart from this, if you check the current monthly return of Bitcoin, you can see that from January to May, we have not seen such a movement in the crypto market. But if we look at the previous bullruns, we can see that those bullruns gave much higher returns in the months of January, February, and March. In the current bullrun, the market was very bad between February and March, but from April, the market has started to improve quite a bit and we can see a good pump in May as well. So, it is expected that we will see a good pump in the crypto market in quarter 2 and there is a high possibility of a bullrun in this quarter 2.

Now if we come directly to the Bitcoin chart, then one thing to note here is that the trend line below is supporting Bitcoin very well or you can say this line is working as a very strong support level. Because every time the price of Bitcoin comes to this line, then Bitcoin goes up again. For example, it went up from $30,000 to $70,000 by pumping, then when it went down to around $55,000 with a correction, then you can see that the price of Bitcoin went up to $100,000 by pumping and this time too, since it has backed down from $75,000 and is going up with a very strong candle, I hope something good will happen in the future. So now if we try to create a level here, then you can understand that this time Bitcoin will go up even more and many people think that if Bitcoin can cross the all-time high this time, then the price of Bitcoin can go up to $130K-140K. So you can wait a little and be vigilant and if you want to get out of the market with a small profit then you can get out. If you want to invest here since the crypto market exhibits volatility first analyze it yourself and then invest at your own risk.

Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.