BTC breaking 4,200 resistance will mark the start of a bull run?

[MVT$]

BTC has reached $4K a few times already this year but it seems it cannot break resistance at $4,200. Just today, price starts to dump again to $3,700+ after reaching $4,100.

What do you think guys? If BTC breaks $4,200, will that signal that we are getting out of the bear market?

[Zed0X]

I've read a similar prediction/opinion like this one. $4,200 sure is a strong resistance but I cannot say though that if it's broken will lead to a bull run. Bear could just simply set another one.

[Speaker]

In the market there is a major player who plays against the crowd and he is mainly interested in short-term speculative profits.
It is difficult to say where the market will go breaking the mark of 4250 $.We can go both up and down . We need a big buyer who can deal with bearish pressure in the market.

[MVT$]

I've read a similar prediction/opinion like this one. $4,200 sure is a strong resistance but I cannot say though that if it's broken will lead to a bull run. Bear could just simply set another one.

Well if they keep on shorting beyond $4,200, they probably end up losing all their funds.

In the market there is a major player who plays against the crowd and he is mainly interested in short-term speculative profits.
It is difficult to say where the market will go breaking the mark of 4250 $.We can go both up and down.

Perhaps. If bulls managed to break that level, it won't be long before the bears gets exhausted from shorting.

[tonymillions84]

BTC has break so many trading points. we might be expecting a steady bull run. once we hit 4k which could be possible before sunday. the next stop could be  at 6k or 7k before we expect any retraction.

[Speaker]

Having overcome the level higher than 4k$ - bitcoin could easily grow to 5k$ and gain a foothold at this level.Perhaps then investors would start buying bitcoin more actively and this would contribute to further growth.