The Market was showing an impressive performance can it sustain, and how long?

[masterrex]

I must say that everyone notices the impressive performance of the crypto market in the past weeks and most of the top altcoins were gaining momentum when it comes to its price, my question is are we approaching another record-breaking all-time high? are you convinced that these gains were driven by the upcoming Bitcoin halving? drop your insights below.

[Nestle]

News has a great effect on the price of crypto. When people see the news about halving bitcoin, most people immediately want to buy crypto because they think the price of crypto will increase. Judging from the track of a good price increase this week that made them believe.

[Fenix]

In recent weeks, bitcoin and cryptocurrency as a whole have been steadily increasing in price. Now the price of bitcoin, according to CoinMarketCap, is $ 10,053, and ethereum is $ 226. The upcoming events in May regarding bitcoin divided in half every four years have always led to the growth of both bitcoin and the entire cryptocurrency market. Upcoming improvements in ethereum should also have a good price effect. Therefore, I expect a further rise in the cryptocurrency market. It’s hard to say what price levels Bitcoin will rise this year. Most likely, its price within $ 20,000 is quite possible.

[trauchot]

Quite right, the growth of the entire cryptocurrency market is now due to bitcoin halving and I think the market growth will be at least till before the start of bitcoin halving, but after the bitcoin halving correction will start.

[Cryptoz]

I am pretty sure that this good performance on crypto market is related to the halving schedule and the technical upgrades on Bitcoin. We know that news is one of the factors can influence the market trends. The current trends seem related to that news and still continue to grow.

[sampoerna]

Nobody knows how long it will last. However, some say that this is the signal of bullish time. Is that true? BTC and other coins increase so highly. But I also feel curious whether it will down again or not. Crypto market is sometimes surprising and unpredictable, we cannot expect too much for the stability on prices.

[freakslot11]

So far, I'm not ready to talk about approaching new all-time high. For me personally, we are still in a bear market. It takes much more time for the market to claim that this is a bullish mood.

[vaysar]

Events in the world are unfolding the cryptocurrency market to growth. Halving bitcoin, waiting for Ethereum 2.0, coronavirus in China and general sentiment in the world community contribute to the increase in the value of crypto assets. But how long it will last - we'll see in the future.

[Istiak]

The crypto market is full of uncertainty. So no one can say when it will end. So use the advantages of these conditions as long as it lasts.

[Zed0X]

~ my question is are we approaching another record-breaking all-time high? are you convinced that these gains were driven by the upcoming Bitcoin halving? drop your insights below.

Approaching? Bitcoin just reached half of the ATH and altcoins probably reach 20% of their previous ATHs. We shouldn't be thinking too far ahead yet.

The reason for the recent run is most likely because of bitcoin's upward trend. Is it because of the upcoming halving? It could be.

The crypto market is full of uncertainty. So no one can say when it will end. So use the advantages of these conditions as long as it lasts.

Yup, what goes up must come down. Take profit when you can and not get caught watching the market.

[sturec22]

I see that twitter and the youtube moon boys started shouting 50k and 1m usd again. We still do not have enough volume and the price has not made a second higher high... Still the danger is on the table. I think this ride will not be sustained and we will go down one more time.

[Altcoin1998$]

You are right Bro because slow and steady increasing a good target of reaching the highest top but is it still sustainable or breakthrough in coming months? I already sold my some altcoins and researve it buying bitcoin and Ethereum. But if market will come under breakthrough then I will face a problem with my dollars and fiat.

[masterrex]

?

[masterrex]

Approaching? Bitcoin just reached half of the ATH and altcoins probably reach 20% of their previous ATHs. We shouldn't be thinking too far ahead yet.

Who cares its matter of question inside of the speculation, that's how cryptocurrency works, it's not important if it was not in its previous ATH or just 50 percent or whatsoever. all I am saying was are we approaching the next record-breaking, ATH and why we shouldn't be thinking too far, as I know cryptocurrency has full of surprises like it was happening in 2017-2018, it just happen so why we put limit if we think it's possible to happen. BTW just saying!

[Zed0X]

Approaching? Bitcoin just reached half of the ATH and altcoins probably reach 20% of their previous ATHs. We shouldn't be thinking too far ahead yet.

Who cares its matter of question inside of the speculation, that's how cryptocurrency works, it's not important if it was not in its previous ATH or just 50 percent or whatsoever. all I am saying was are we approaching the next record-breaking, ATH and why we shouldn't be thinking too far, as I know cryptocurrency has full of surprises like it was happening in 2017-2018, it just happen so why we put limit if we think it's possible to happen. BTW just saying!

1. Nobody knows for sure how the cryptocurrency market works. Not even Satoshi.
2. When you talk about approaching ATH, you also take into consideration where we are at the moment and that't exactly what I am pointing.
3. Don't think too far ahead because that's going to cloud your trading strategy, at least that's true for me. Think about the newbie people who will read about your post too, they could be thinking about ATH and hold too long but only to find out that the market crashed.

You can be too optimistic and claim that what you say is your opinion but that is why we are also here to offer a differing opinion.