Post
Topic
Board Altcoin Discussion
Re: CAN WE STILL GET THE 2017 BULL IN THIS 2020?
by
Eugenar
on 28/08/2020, 15:02:56 UTC
To be honest, that is hard to determine. The price indeed increased in the past few weeks. Bitcoin's market value as an example have broke the resistance at $12k likewise with the alts. But since there are still four months to go, there are many things that might happen which can either be good to the market prices or not. Way back 2017, the bullrun started in the late month of September if I'm not mistaken so maybe it is just to early to conclude. The answer is simple. There is a possibility for the price to be bullish once again this year and there is also a possibility that it won't; we just don't know.
we cannot have big hopes for a market that can be the same as in 2017 because conditions in 2017 and 2020 are very different. 2020 is like the year of many obstacles because where this could all crypto markets experience an increase but also quickly experience a decline, in contrast to 2017 where each coin has increased can last at least 6 months until 2018. this condition is different from 2017
This simply explains how unpredictable the market is. Economies are facing problems and still the market price of cryptos still managed to go up. So yes, no one really knows how will this market behavior end for this year.