Bitcoin volatility renders itself the option of experiencing short-term bubbles. However, so far, these are mainly just bunny hills for Bitcoin, nothing really to write home about. If the price of Bitcoin rallies up to $20k in the short-term, this however will not be a bunny hill. It will most likely be a short term bubble. Looking at prior cycles, we can see that the first test of the prior all-time-high is generally met with resistance. Video by Benjamin Cowen
