Are you ready for the uptrend, friends? The breaking point of the bull season will start with the BNB reaching $400.
But i think the price surge for BNB will not happen without bitcoin taking the lead in the crypto market. So the bullish season will always start when bitcoin is recovering and starts to boost its momentum to reach for a new all time high. And when bitcoin becomes stable, then most of the altcoins will also be stable because they are mostly affected with the current position of bitcoin. But honestly, having a bull season this time might be too far from reality but that's only from my own observation in the market.
The price of BNB does look up right now, that's because the price of Bitcoin first started to rise, after previously being below $35k. So as you said,
it all depends on Bitcoin's performance, because we know almost all altcoins prices are heavily affected by Bitcoin prices. For a bull season to occur,
expect the Bitcoin price to rise again at least above $50k, if the price of Bitcoin still hasn't reached the price of $50k, it's still too early to talk about
a bull season. We really have to be more patient for now, I really hope there will be good news about crypto circulating in the near future, so at least
it can make the Bitcoin price pump. If the Bitcoin price is pumped, of course we will see the price of altcoins pump too.
Yes. It will always be the same scenario, when bitcoin is up, then the whole coins the market will follow the pump too. But seeing bitcoin right now is still in a dump, then there's no enough reason that other coins too will start to pump, unless if there are great news that will create a heavy impact on the market.
However, expecting a bull season might still be possible but as for now, we should seize the moment first while its still giving us great opportunities to buy and hold during the dips. And at least we should be more patient for now.
We can learn from the history of crypto movements, the crypto market cycle is always repeated. If there is a bearish trend, the next will be
a bullish trend. So only people who have knowledge can be calm with market conditions like now, because they have confidence the market
will recover soon. That's why I always say people who have knowledge and experience have privileges over newbies. Actually, if we study well
about crypto, it's not too difficult to understand the pattern of crypto market movements. If we already understand the movement of crypto prices,
we will not hesitate to buy coins in the current market situation. Actually, the current decline in crypto prices is an opportunity for us to buy
potential coins, and can generate large profits in the future. So don't ever be afraid if bears come, because as long as we can be patient and
collect coins that we think are potential, it will give us an advantage.