Post
Topic
Board Economics
Re: The bulls are back, bitcoin on the way to $5k
by
Sithara007
on 09/06/2019, 07:22:09 UTC
Bitcoin's price as of this posting is at $7,832.47 and man, we did dump a couple of bucks when BTC almost reached $9000. Yes indeed the bulls are back but this time bulls are getting more cautious in how it pumps the price. The bear market will always be on the lookout just to take advantage of this season. BUt some have speculated that BTC will be have a bull run for but will start after 7 months. At the end of the day, you really cannot tell, but what we can do is to make actions based on the current market trend

I have a feeling that the bull run started too soon. Some of the whales started accumulating the coins, expecting a large appreciation once the block reward halving commences. But they made the wrong calculations, I am afraid. There is still one year to go for the event, and I am not seeing enough strength in the market to last until then.