Post
Topic
Board Bitcoin Discussion
Re: March - bullish month?
by
Silberman
on 17/03/2018, 22:34:40 UTC
What do you expect - will cryptomarket be bullish in March?

I guess that this bearish trend since mid January should be finally over and the new slow bullish trend will come. Similar to the situation in May 2017 when BTC price was 1500 USD and then the price went slowly up to 7000 USD in the beginning of November. We can see many new people coming to crypto every day. The volumes on major exchanges are quite good these days and with the Lightning Network coming this year I'm very positive about BTC development in 2018.
We have passed the middle of the month and we are still in a bearish trend, and right now I cannot see any way out of it, it seems this bearish trend is going to last a lot longer than we thought, for long term holders this is not such a big issue but if you are a trader and you depend on your profits you can get through your trades then this year has been very difficult and it seems it is not going to get better.