Post
Topic
Board Speculation
Re: Is Bitcoin preparing for a bull run??
by
magneto
on 21/03/2018, 23:04:05 UTC
Where does bitcoin go from here ? Will it recover? Are we out of the bear market and into the bull market ?

It will probably not be a huge rally up to a new all time high or anything like that. But yes, we are out of the bear market and is currently trying to test the $9.5k level, and if that is broken then we can safely say we will go to $10k+ in a very short amount of time.

But is that going to result in a bull run?

It sure looks unlikely with the 2 failed pushes earlier on in the year to break out. It seems clear to me that we'll encounter much more sideways consolidation rather than any major pumps this year. I'd place the ceiling at around $13k for this rally, still a pretty good profit to be made on speculation but probably not as much as last year for sure.