Post
Topic
Board Speculation
Re: How to Identify a bitcoin rally
by
Webetcoins
on 14/02/2021, 14:29:04 UTC
Found this interesting piece that goes back into history and tries to identify why a rally will sustain or not -
Some valid points - some not so agreeable -  essentially gist is that institutional investors/backing is driving the rally - so as long as there are new ones, ( like the recent BNY Mellon ) , the rally will continue
You mean bitcoin will get into bull run if there will be institutional investors? I wonder where these institutional investors went in 2018 or 2019 after the strong bull run in 2017. I mean these institutional investors are the actual triggers of the bull run or just catalysts of on going bull run which is usually initiated by bitcoin halving every four years? There could be multiple co-incidents but we need to be practical when it comes about identifying the bitcoin rally.

One simple solution here is buying around the times of bitcoin halving will not make you disappoint you as per past history. Like many people, I am also expecting bitcoin to have at least 10x growth from 2017's ATH this year or by the end of the current rally. So, even today is not too late if you have spare funds and looking for perfect entry to make use of on-going rally Cheesy.