I think there are some reasons to impact this bullish trend:
1. Bitcoin Halving to be occurred on 2020, now is just beginning of bull run.
2. Libra which is launched by Facebook
3. More countries have accepted cryptocurrencies
At least they are the reasons why Bitcoin including all crypto world is rising, but for Bitcoin bullish now is still just beginning. Perhaps there will be new high of Bitcoin price more than 20K as some people says 300K. I think it is possible.
Topic: Theoretical reason for the bullish bitcoin now. - page 3. (Read 558 times)
Now that we are in a fairly long Bitcoin stage of Accumulation, according to Wyckoff's scheme or theory we can say that we are entering an uptrend, it may go down a bit and then rise, believe that this time the bullish rally could reach $ 20k ? Many talk about the fact that the bitcoin ceiling is $ 50k, others talk about $ 100k and the most positive ones say $ 1M. It is a good time to make the corresponding investments, I think we can say that we are ready for new highs? To my way of thinking and how I see trading and the Bitcoin market I see the bullish Rally much more viable.
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