Its not vertical, it has a many bars sideways to climb like a ladder it relys on some effort by the market. Its more positive then a rocket straight up that might run out fuel half way up
Its better for the market to build itself back up so I dont take it as any negative. Right now the market seems very positive in forming a kind of staircase higher in its graph formation.
I think you are right, the price shot vertically on the first day and now keep going up together with sideways movements and this looks like a ladder. That is, of course, better for the price because is climbing higher together with rising volume and more buy orders.
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This are definitely good news, I was wondering why the price went up so abruptly but if that is the reason then now I understand why this is happening, I have been saying to people to take advantage of the price when it was in the low 6000 and the high 5000 and people did not listen and it seems the opportunity to buy at those prices may never come again.
I haven't missed this opportunity and filled my bags at ATL and when slightly goes up to 6200$. I thought it will better to lose some money when goes back down suddenly, then a chance to buy really cheap. Like you said this is possible that the price will never be so low again. Fingers crossed.
Taking into consideration last weeks looks like the bullish market is ready to start. What do you think am I right?
I don't think that's the case.
Even though we may have seen a small bullish run right now that took bitcoin from $6k to $7k+, I don't think that it's enough for us to call this the start of a new bull market. There is still mainly bearish sentiments across the market, and virtually no bullish momentum.
Even if $6k holds as support, it's unlikely to go fully bullish all of a sudden. There will still be mostly sideways movement for the rest of the year without much upward growth, in my opinion. Furthermore, the $10k resistance was a lot stronger than a lot of people expected and there is no indication that it's any weaker at this stage. Taking into account how long the 2014 bear market lasted, I think that it's definitely too early to call it a bull market right now. However, buying BTC below $8-9k with DCA should be a good strategy nonetheless.
It's hard to conclude until when this market continues to go upward or downward. We don't know what will happen next, since this market is very volatile and is very uncontrollable. But I'm still hopeful that this market can potentially recover. All we need is to trust, continue to believe that there's still room for progress, work hard to gain success, and to welcome failures as part of productivity.
I think we have to wait and see. If we brake 10.000$ in coming weeks then I will be sure we are again in strong bull trend. We can do nothing only wait and hodl.
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I believe that black stone group is one of the reason why cryptocurrency today is actually pumping up again so we can expect more profit in the future.
Like I said there is a flow of good news in the last few days. Binance CEO announced yesterday that they are investing a lot of money from some time and prices should be already much higher.
