Post
Topic
Board Speculation
Re: Are we now on Crypto bull run?
by
Franctoshi
on 12/05/2023, 16:47:48 UTC
I still don't think that the correction will occur in depth to the $19K price level in the near future, because Bitcoin's good performance has not disappeared so it can still appear unexpectedly in the near future. And I hope that for now Bitcoin can move sideways in order to have stronger support for the next pump, because a slow but steady price drop is still a very normal thing in the market although there are some people who are starting to think that a price drop now is not a thing normal.
Though the month of may have not seem good for Bitcoin, However I don't either expect $19k price for Bitcoin too, if we do get a further correction from here, the Bitcoin Chart is in an ABC type of corrective move , We've tested the $19k zone and it won't make sense if we start breaking market structures down ,I believe the price should respect important key levels if we are moving high because the trend is your friend until finished, I do think the worst case scenario we go is $23k-$21k.