Post
Topic
Board Trading Discussion
Re: Is the bear market over? Important Weekly close!
by
prtty2gal2
on 08/05/2019, 09:55:25 UTC
Last few weeks have been quite bullish for BTC.
As of 6 April BTC had a Weekly close above 50 MA, which is a very significant level for BTC.



As seen in history in the last bear market once BTC has gained 50 W MA the bull run has started. Should the history repeat itself?!


It's likely that history is about to repeat itself here, but don't get your hopes high cause this is just the second time and you're not sure if it's really going to happen that same way or it might just get to a certain and then things will change it wouldn't follow the same movement again. Bitcoin has been increasing a lot recently more than any other coin in the market and it also has a bigger market cap share, which is more than fifty percent. Before the end of this year the price is going to be way above what it is now, even if it doesn't go above the $20k of last year, it is still going to reach somewhat high price.