Re: Do you think their will be another Bull Run this year? I D0 NOT THINK SO!
There's two major theories here. One is the bearish descending triangle. If it breaks down, most traders are aiming at the $2,000s or $3,000s.
The second is a rising bottom. Here's one example of a Wyckoff accumulation schematic:
We need to see a sign of strength (SOS) to confirm. And if we do go that way, I don't think it'll be a bull run like last year. No ATH expected. I think it'll be a mid-term rally that tops near the $10K or $12K resistances, or maybe a bit higher.
I think the price is quite stable as of but what I have seen is no major set back but maintaining its level and not showing sign of strength, If you compare it from last year until you cannot predict because as we know bitcoins price is very volatile, anything is possible. The second is a rising bottom. Here's one example of a Wyckoff accumulation schematic:
We need to see a sign of strength (SOS) to confirm. And if we do go that way, I don't think it'll be a bull run like last year. No ATH expected. I think it'll be a mid-term rally that tops near the $10K or $12K resistances, or maybe a bit higher.