Bitcoin Is ABOUT TO HAVE A MASSIVE BULL RUN - Here’s What We Know Will Happen In The NEXT MONTH BTC News 2018

Also Read : Why Ultra Wealthy Bitcoin Bulls Are Buying More Bitcoin THAN EVER - Should You Be Too? Crypto News 2018

Welcome back to another Article here today coming at your from the tech cash house. Hope all of you are having a good one. In today's Article, I'll be discussing why bitcoin could soon potentially embark on a pretty serious boron. And now I'll be giving you the opinion of the experts. I'll be letting you know what I think about everything. And with that being said, this bull run could be happening even sooner than many people initially thought. So with that being said before I go ahead and jump right into the Article, I don't remind all of you, drop a like on this Article if you like it, Follow and share it for more and let's go ahead and jump right in. So after a month of declines, the price of Bitcoin is gaining momentum. Once again, as of this writing or the publishing of this Article, the cryptocurrency is trading at $6,757 up by more than six percent from its bottom last Wednesday.

More importantly, this is the first time that the cryptocurrency has passed these $6,700 mark since August seventh because of course bitcoin fell below seven grand at the beginning of this month. Since the start of the year, the cryptocurrency has fallen by more than 70 percent as bad news and scandals relating to and have piled up regulatory uncertainty and critical comments by prominent economists have also added to its problems much leg. It's praise these spate of bad news regarding bitcoin has also reversed in the past few days and the sec is even said to be reconsidering its recent rejections of proposals for Bitcoin etfs. According to CFTC, data released Friday bearish bets against Bitcoin futures contracts traded on cme and Cboe have reached record lows. So does this mean that's the start of a new bull run? Well, the increase in Bitcoin's price has led prominent experts to speculate whether this could be the start of a bull trend for the cryptocurrency online publication.

Coin Desk cited daily bitcoin price volatility as a precursor to a bull run for the cryptocurrency. According to the publication, the difference between Bitcoins, highest and lowest prices and a day was $84, which is actually the lowest level since July ninth of 2017 and an analyst wrote from coindesk. We could be in for a big move in the next few days, possibly on the higher side as the technicals are biased towards the bowls and the bitcoin slash USD. Shorts on Bitfinex are near record highs, meaning the cryptocurrency is vulnerable to a short covering rally. Others have cited the rally that succeeded bitcoins bottoming out in 2018 as proof of precedent for a similar price action and Simon Dixon, founder of Bank of the future.com said in an interview with CNBC that it's all about understanding the economics of bitcoin and he went onto say the havening in bitcoins numbers which occurs every four years is generally proceeded by flattening in its prices.

Retail investors jump into crypto markets a year before the actual having and that leads to a run up in prices. The next scheduled having a bitcoin supply is expected to occur in 20, 20 based on Dixon's theory that will have a price surge in 2019. Now that is something that I definitely agree with. Having of bitcoin supply through limiting mining is almost always something that pushes up prices pretty substantially. So Vinny Lingham, founder of civic, a crypto startup so that there might be a 50 slash 50 chance that the current price rally, it might be a precursor to a bottoming out phase, and he told CNBC I am balanced. Meanwhile, bitcoins dominance and trading volumes have continued to increase the original coin. Now accounts for 53 point three percent of all trading volume and cryptocurrency markets. This is good news for bitcoin bowls as it means that traders are moving their funds from old coins such as [inaudible] and ripple back into bitcoin.

So in other words, folks, many of these factors are all coming together to spell almost certain rises in Bitcoin's price. Now what time period are we looking at? Well, the next having will occur in 20 slash 20. So I can pretty confidently say that we will likely see prices rise substantially in 2019 as we did in 2017. But of course that is my opinion, a coupled with the opinion of the experts. So let me know what all of your thinking down the comment section below. And as always, I want to thank all of you for watching. Sticker off more content, just like this drop leg on the Article. If you liked it, Follow and share for more. I'll see all of you in the next one. Have a good one.

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