Post
Topic
Board Speculation (Altcoins)
Re: Bull Run or Bull Trap
by
whyrqa
on 11/02/2020, 16:30:05 UTC
Right now? I don't see that we are in a bull trap.

The price is steadily going up everyday, we have seen this kind of phenomena in a bullish cycle. The price gains might be slow though, and others call this a mini bull run. But this could be the start of a big run in the coming months, specially as we approach the bitcoin block halving event in May.
Indeed, today there are no prerequisites in order to expect the next cryptocurrency market fall.  But the news that the US government is going to sell the confiscated Bitcoin for 30 million dollars is beginning to alarm me, and after all, this will immediately hit not only the price of bitcoin, but also all cryptocurrencies.  Because of this, any negative news, as well as the actions of practically enemies of the cryptocurrency, can negatively affect the development of the cryptocurrency market.