Do you think the bull market is fully back If Bitcoin breaks the $25k resistance zone?
Do you think the bull market is fully back If Bitcoin breaks the $25k resistance zone?
First of all, I think it will take a while before Bitcoin reaches $25k or breaks it or gets regretted depending on the momentum Bitcoin has around the $25k resistance level, because there are going to be ups and downs in the middle but then again it is very possible for bitcoin to blow through $25k to even $30k within seconds or minutes or hours or days, we saw it or I saw it happen yesterday when within a matter of less than 2 minutes Bitcoin blew from $19k to $21k plus before slowing down and dipped a bit.
So as long as the momentum Bitcoin uses to get to $25k is high or very high like with big Haramis or Marabuzo candle sticks that indicate a strong trend momentum, then Bitcoin can go from $20k to $25k and above like a hot knife through butter (very quickly and easily), it is not new except if you are new to crypto because Bitcoin did more than that in the 2020 ending to 2021 beginning pump when it went from like $15k to 30k and we were all in shock and all in disbelief when it happened.
After the $25K resistance, I do not think that the Bull market is fully back but we are on our way there because there is multiple resistance that needs to be broken before we can talk about having a proper Bull run or market. But if we break through the $25k resistance level that would be a great start and many altcoins might and will start having massive Bull run rallies, pumping more money into the crypto market. Bitcoin is still in the accumulation phase or zone and those that understand its value and potential are accumulating and waiting patiently for the distribution phase A.K.A the long-awaited Bull run.
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I believe this is a good signal but no one can be certain or sure of what happens the next minute but for now this is a good and hopeful signal @onwugbenuvictor
Very true bro, we watch and hope for the best
I really appreciate your comment and support do have a wonderful day sir @onwugbenuvictor
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If US inflation data keeps falling barring new surprises, I think Bitcoin will try to break the 25k resistance, but we have to remember that there is the GOX event with the release of 100,000 BTC in March, blocked since 2014 for failure, better stay on track.
True but Bitcoin halving is close and always comes bring good gifts of pumping the market
It's true, it should take place between the end of this year and the beginning of next year if I'm not mistaken. But now there is also the global macroeconomic situation which weighs heavily on cryptocurrencies and investments in general. I think it will be a very intense year.