Quote from: bitcad4u on March 12, 2018, 12:00:26 PM

Quote from: Vaflia on March 11, 2018, 08:58:26 PM

Today, bitcoin has grown sharply due to positive news in Asia. Do you think this is the beginning of a bullish trend or a dead cat bounce?

The price of bitcoin and crypto currency is varied from the news about it.Now the price of bitcoin is again start to raise due to the positive news about bitcoin.One thing is dead cat bounce is not match , because bitcoin is still alive in upper hand.Now the bitcoin price is get back to old value,if it's grow more than 19k$.We can say,bitcoin reaches the Moon.

Well it can only be a dead cat bounce that we are seeing here if this is only a temporary recovery But if bitcoin would continue climbing up to $ 13,000 we can have a chance in seeing the pump or a bullish ride again, But as we can see bitcoin price have just recently recovered from the beating of the drop that is why we can only say that it can be a cat bounce for now.