Re: Bitcoin holding will be worth this year or in the long run?

Quote from: Experia on October 09, 2019, 12:36:09 PM

I found this article on cointelegraph :https://cointelegraph.com/news/nearly-10-billion-in-btc-is-held-in-wallets-of-8-crypto-exchanges. I wonder if they had the control over the price, they can make a bearish run or even they can wake the bull up? Well for sure there is only one thing to expect it is having a good price in the future. What is your thought if the 10 billion worth of bitcoin will move?

It seems that the bitcoin will not become bull market in this current year. It will take more years before the market will become bull again. There are tools that we can use in order to identify the trends like moving avarage. If you use 200 MA, you will see that the ma is still above the price and it will take more time before it will dive below the price where it can be called as bull market.