Topic: Bitcoin Hits A Golden Cross - page 3. (Read 474 times)
I think that the golden cross is not a guide to action, but just one of the signals of technical analysis, which does not always work. I would treat this signal quite carefully. Personally, I still fear falling prices in the region of 2000-2500 dollars for Bitcoin. Although of course, it may be that we will not see such a dramatic drop, but nevertheless I’m still wary of the market and if the drop happens, I will buy more bitcoins and altcoins.
I don't know why is there so much excitement about the price. Yes, we can see some positive trends but we are still far from bull run and also don't forget that price can change very quickly. I'm not convinced that this is actually true recovery of the market so sone corrections could be expected soon.
So many speculations on the reason behind bitcoin price rise and am prompted to ask is the much announced bitcoin halving also taking place in the other altcoin if no, then what is responsible for their own rise such as ethereuem BNB and the rest. I think the cryptocurrency market generally is on recovery and correction period and so many factors are responsible for that.
Bitcoin is turning towards positive mark the main reason is Baktt launch is coming near so again we see positive sentiment in market which lead to bull run
I think the price of bitcoin will steadily increase, and there are 2 months that likely to make bitcoin price increase.
1. At the end of the year 2019 which is December
2. At May 2020 which the month of the bitcoin halving happened
1. At the end of the year 2019 which is December
2. At May 2020 which the month of the bitcoin halving happened
Yeah but i expect series of market corrections. Although this is a major indicator that we are indeed in a bull market. Hopefully it will continue.
The trend is that price will rise with the announcement of halving, but not just for him but a general recovery of the market.
Bitcoin hits its five-month high as surged up to the $5,500 benchmark.
Full article here: https://www.unblock.news/market/bitcoin-hits-a-golden-cross
Full article here: https://www.unblock.news/market/bitcoin-hits-a-golden-cross
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