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Cryptocurrency discussions / Re: Is there still going to be a bull run?
« on: May 01, 2024, 09:40:03 PM »"hi bud, is there still going to be a bull run this year?"
😂 Noob question yeah!, but thats what a dude asked me this evening, he's a newbie though, he joined crypto late January this year (2024), I wasnt the one who introduced crypto to him, but he approached me one time in February, and I assisted him on buying his first bitcoin, and since then, he's been investing on his own.
But I was surprised when he asked me if there was still going to be a bull run this year, I paused for a while cus I didn't know what to answer him, I've never discussed anything concerning or patterning to bull run with him before, so I was a kind of puzzled when he asked me that.
Later on, I simply told him I don't know, that I can't predict the market, but then, I could notice he wasn't satisfied with that answer, he probably expected me to say "yes", as a way for him to reassure himself of his expections, but then again, I couldn't lie to him.
I am as well putting out the same question out here for the community, is there still going to be a bull run this year? Or should we just pack our bags and go home? 😬😁
I would say yes but when will it start is difficult to predict. I don't see the current price as a strong support. Proll 48k will be that strong support that would create demand for a potential rally. Just a personal opinion but let's see how it plays out