Post
Topic
Board Speculation
Re: Are we now on Crypto bull run?
by
wmaurik
on 20/06/2023, 16:08:11 UTC
Regarding the current state of the crypto market While some may argue that the market is currently on a bullish trend, others may caution that it is too early to make such predictions. Historic events, such as the March 2020 crash, serve as a reminder that unexpected market downturns can occur. The general view for Bitcoin may be the dominant player, it does not reflect the performance and potential of all cryptocurrencies meaning that there are still many factors at play including investor sentiment, market sentiment, regulatory developments, and technological advances.
Five days after you said this, there has been little change in the price of Bitcoin as of now Bitcoin is starting to return to $27K with slightly better demand pressure than before. But things like this still can't be concluded as bullish because price rounds are still running at the same price as the previous few days or months ago, so Bitcoin still needs more purchasing power to be able to increase to a higher price this year so the possibility of a sudden crash can be slightly overcome by the large number of buying requests each month.