Are We In For The Big Runup ?
When you look at today you see some serious gains across the board as nearly 15 billion dollars has been injected into cryptocurrency.
This however is still a very far cry to the all time highs where the market cap was about 700 billion. At the moment it is just 132 billion.
This rally most likely however I still feel will be a little short lived. We have seem pumps and then dumps like this in the past. However there could be a little more behind it such as...
- Ethereum getting heir hardfork update however it really does not do much in terms for the network yet
- Bitcoin adoption improves as Fidelity moves in
However these are still things that have not yet happens so all trading on this type of news would be hype/speculation without anything really to back it up.
What do you think?
A short lived rally
or is this going to hold and continue to grow
Maybe it is a buy the rumor and sell the news mentality we have seen many times before? However, for whatever reason it just feels different to me although it could also just be the hope...
Posted using Partiko iOS
I'm feeling a small rally, but nothing huge..It'll go down soon enough. Fingers crossed it doesn't though ;)
I can see a little bulltrap, we got to test those lows of $3100 and below in a few months 😬
I think this is the start of something a lot bigger
Viva la Bitcoin
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