Post
Topic
Board Speculation (Altcoins)
Re: The bull market is back? BTC is 57k
by
blockman
on 07/05/2021, 19:47:36 UTC
If it will be stable at $57k, that would be a good position for bitcoin of staying there but I doubt that it will be staying there for a long time. It's always as volatile as it is and won't really that have time to stay there.
Probably it is struggling to get back at its last ATH but it will be back there anytime soon.
In fact, with bitcoin being stable, it is good for bitcoin itself to move forward, the most important thing is to provide altcoins to develop and it is evident that with the stability of bitcoin, many renewable ATHs have been formed from altcoins at this time and of course will excite the bounty.

for bitcoin itself at the current price is to prepare itself for a move to increase again, there may even be an attempt to break through $ 75K which is a crucial number that bitcoin has not been able to penetrate, once it can be penetrated there will be a better movement from bitcoin.
It's always ready to move up to the next ATH and to get back to $60k. Well, it has to break first the last ATH that it made before it goes to $75k and it should be another time to celebrate if it goes $70k.

I think bull run on btc is already done when it dumped to $55k and because of it, the market started the alt coin season wherein the top alts are showing a really great trend and pattern.
Not yet. It even dumped to $42k and there were already thoughts that it has ended but it didn't and came back to $55k and now $57k.