Bitcoin keeps rising and rising over the last days and seems to be unstopable once again. Does this mean we've entered another bull market?
I personally don't think so and am rather of the opinion that we might "only" be testing the 10k limit again like we did some time back.
But of course I could be totally wrong and the market might move in a whole different way. If I've learned anything in the cryptosphere then that this space is simply not moving according to any rules.
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I believe we can break 10k this time; the fundamentals are there, the news is right (Mastercard, Institutions, Regulations etc..)... we can see 12k $BTC by late October.
That's true. BTC seems pretty strong with news about ETF.
Still waiting to see if this is just a relief rally, after a long decline...What worries me, and what indicates that this is a relief rally, is that the alts already have capitulated, and beginning to go down again...But who knows??
If Bitcoin is to test 10K again, if could be the start of a bull trend...otherwise it won't go that high...right now technnicals are pointing in all kinds of directions...Only advice is to sit on your hands for a while...too risky to take a gamble at this point...We need a lot more volume before I would dare to buy👍
According to @cryptopassion there is a major resistance line around $7650, let's see what happens if that is taken out....in the meantime, let's enjoy the consolidation🙂
Keeping it in perspective a rally to 10k would be a 27% increase from today and more than 3X from 1 year ago
wow great your post keep it up @steembusiness
And STEEM seems paralized.
Still at a discount!
Yes :( hope it recovers this year.
Yes, Bitcoin is doing great, so as the moment is for the sure the best place to be. Its market dominance is getting bigger day by day and the altcoin market is really struggling...