Quote from: magneto on May 02, 2018, 11:41:29 PM

Quote from: 88jewel on April 24, 2018, 04:20:43 AM

The market is showing positive sign for bitcoin again. In an article published by Charlotte Davis at https://www.express.co.uk/finance/city/949891/bitcoin-price-usd-news-today-buy-dollar-cryptocurrency-latest-value-cash: BITCOIN price has seen a 27 percent increase since the start of April and one cryptocurrency expert said bitcoin is likely to continue to rally as historical data shows a continuous rise over the past eight years.

It's showing positive signs, but we don't know whether or not this rally will be the start of a new bull market. Most likely not, even though people seem to think that this rally is "here to stay" and is going to continue.

Bitcoin has indeed continued its steady price growth for 8 years, however that is completely unrelated data in this case. I don't doubt that bitcoin will continue to make its way up in the long run, but here, we're talking about bitcoin's movements in the short term.

I don't think that bitcoin will necessarily see a major bull market any time soon, at least of the magnitude of last year's bull market, simply because we're still consolidating and market sentiment isn't that bullish right now.

And then when we all thought that we are already out of the woods and can breathe a sign of relief, here comes the bears clawing back and trying to wrestle the market again from the bulls. So far though the price is less volatile compare to the previous months, but it doesn't mean that we won't see any downward trend in the next couple of days. Maybe most investors renewed their interest, maybe some of them are not totally sold on what they are seeing. Its still a long way to go and maybe we can really see the sentiments of the market when we get over the $10000 barrier and judge if their will be a imminent bull run or not.