Post
Topic
Board Speculation (Altcoins)
Re: Will 2020 be bearish as well?
by
cryptoloverlife
on 01/01/2020, 07:22:40 UTC
Unlikely.

Firstly you got the bitcoin halving coming up, which has historically meant that markets are bullish for at least a year after the event. BTC being bullish will also drag the rest of the market up along with it, analogous to how a rising tide floats all boats.

Then you got the ETH hard fork, which could turn out to be a positive development. It's not guaranteed, but I do think that it could have potential to affect the entire alt market positively.

There are some positive moments in this year and it will surely help the altcoin to increase their prices because after Bitcoin halving it might take another three or four-month to increase the price of Bitcoin. ETH hard fork will also help the altcoin to increase their prices promptly.