Quote from: DU18 on January 28, 2020, 05:47:49 PM

Quote from: superving on January 28, 2020, 03:21:40 PM

not enough before we can say the bulls are in. If bitcoin can make it to10 -$11k by next month i will say that the bears are trapped and can no longer escape and bulls will dominate the market the whole year.

Looking at the current economic conditions of instability, investors will naturally prefer to save their assets in the form of bitcoin, so that, the prospect of rising prices and high demand and limited supply would be one of the reasons Bitcoin prices will soar in 2020. True as you said, if bitcoin is able to break the resistance at $11000 this will certainly make the price of bitcoin even stronger so this year's long bull run will most likely occur.

One very interesting thing that some people have noticed during the last months is that bitcoin is not behaving lately as in the past and instead of behaving as a stock it is behaving as gold, and this is good for us, it seems that from now on whenever there is uncertainty the price of bitcoin is going to go up, but at the same time this can be dangerous since it is going to be very difficult to predict what the price of bitcoin is going to do when there is no crisis on the horizon.