Post
Topic
Board Speculation (Altcoins)
Re: Bull Run or Bull Trap
by
adroitful_one
on 29/01/2020, 02:58:54 UTC
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.

I think the biggest thing that Bitcoin has going for it this year will be the halving. You may not think it will make a whole lot of difference, but if the news networks start talking about how the rewards are halving and people start speculating, it will bring in people that otherwise probably wouldn't have invested in Bitcoin or may not have even heard of it before. A little positive news goes a long way. Just look at what happened with BSV not long ago.