2020/2021 BULL RUN, COULD IT BE ENDING? - page 2.

Flor1982

full member

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Quote from: Miaallen on February 23, 2021, 03:02:16 AM

Now that Bitcoin and the major altcoins are losing price at the same time, can we say the bull run is already ending?

Probably No, Bitcoin is still going great. There is already an excellent mass adoption of cryptocurrency. We can also see this adoption in the top cryptocurrencies that already have mass adoption in total users and actual market usage. Bitcoin has replaced Gold already as a store of value last year, which is quicker than anticipated. So for me, It is too early to tell that this is the end of the Bullish period.

voyager23

jr. member

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"If in doubt, ZOOM OUT"

Miaallen

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As it has been predicted by major cryptocurrency experts since 2020 that the ongoing bull run will come to an end in the first quarter of 2021, the current market prices in the last 72 hours has seen major cryptocurrencies bleeding in prices.

We can see Bitcoin losing around $7,000 after breaking an all time High of $58,000. Ethereum was around $2,054 but currently around $1,600 which was different from what we saw the last time Bitcoin fell. Ethereum and other altcoins reached a new ATH when Bitcoin was falling early this month at the time Bitcoin was falling then.

Now that Bitcoin and the major altcoins are losing price at the same time, can we say the bull run is already ending?

This poses that the Cryptocurrency traders and new entrants into cryptocurrency world has to thread with caution to avoid or minimise losing of funds to the amount they can conveniently afford to lose.

Topic: 2020/2021 BULL RUN, COULD IT BE ENDING? - page 2. (Read 210 times)