Bitcoin’s Perfect Storm: Is BTC Ready to Rumble?

[Shahinaz]

Crypto market momentum is still pushing ever higher as Bitcoin touches its long term resistance point of $4,200. It appears that a perfect storm is brewing for BTC which could send it on a rally up to $5,000 or beyond. The next few days will be critical for crypto markets which will all follow in its wake, whatever direction Bitcoin takes.

Four Months ago Bitcoin plunged through $6,000 which many had predicted would be its floor in this bear market. It hit a 2018 low of just below $3,200 in mid-December but has been battling back ever since. Higher lows have been recorded over the past four months and since early February Bitcoin has been in a clear uptrend.


Economist and crypto analyst Alex Krüger has posted a chart of Bitcoin price since the November slump with the exclamation that BTC is ‘ready to rumble’.

source: https://ethereumworldnews.com/bitcoins-perfect-storm-is-btc-ready-to-rumble/

[Stuart]

I think bitcoin is setting stands to rumble. Bitcoin has broke the $5000 Barker and is going higher as expected. This could be the green move that will call up the bull run as everyone is expecting, but it should not be a trap that will lead to a bigger loss of inteterest.