Post
Topic
Board Economics
Re: The bulls are back, bitcoin on the way to $5k
by
salmanahmedone
on 22/04/2019, 11:12:01 UTC
I am not quite sure if we are totally back. We have now been moving sideways for a while, but I will be checking the volume over the coming week to see if we will be sliding back downwards again or if we will be able to keep this slow and steady trajectory upwards. It doesn't take long for the Bears to just leech all the profit gained in the past month from the market and then we be back at square one again with a 3.5k USD Bitcoin. On the other hand, we have had a very long drawn out bearish winter, so we might finally be seeing a reversal to the Bullish side.

The Bulls are not fully back. Bitcoin has still not cross the major resistances and unless and until bitcoin crosses 6000$ or above, we can say that it is the bear which is more dominant.