BTC - Is This Beginning of the Next Bull Market?
The price just broke the minnow resistance area and that's a good sign, the price will more likely continue highere. If the price can break Key resistance area which can take some time, that would be great for the cryptocurrency market generally.
The market has without a doubt stunned the bears, and yet there are many still calling this a bear market. In the mid term that is a valid statement but in the long and short term this is definitely a bull market.
Whether this is the beginning of a bull market or just a good ole bull trap there is no clear answer, but the fact we were off an extreme low, the entire market is moving up, and there is still a huge short interest, I am moving towards this is the first leg of a longer term bullish move.
This market reminds me exactly of what happened in 2012 where everyone was calling for lower lows, and the market moved against the shorts many that doubled down, into an already crowded position. Here's your sign!
It looks like it's bouncing right off the long-term bear trendline as we are speaking. This looks very good on a TA perspective, let's hope this is the bounce we've all been waiting for :).
Two good news: the return of @tradewonk after an absence of more than a month and the rise of Bitcoin. Nice to see you again
Thank you!
Thanks sir @tradewonk for returning after a long time. And provide us an analytic cryto market analysis. Thanks again for the valuable thoughts sharing with us.
My pleasure! Thx
yeah, as it breaks the minnows resistance level. now no one can stop it from adopting bull behavior!
keep holding your coins!
I really hope this is the beginning of a nice run upwards for cryptos as a whole.
Hope for the Best
Yea,this is really a great news,the price is moving higher and its a great news for the crypto world,nice work.
Hey, just wanted to let you know I gave you an upvote because I appreciate your content! =D See you around
@greentomorrow did not give you an upvote and has made this exact same comment hundreds of times.
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Bitcoin is going to experience a bullish trend and this will out weigh the altcpon market
Is nice to see you again!
Thank you!