RE: Trading Quotes #1

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Trading Quotes #1

in bitcoin •  7 years ago 

Hi, great post, have followed you. What do you think of the current state of the Bitcoin market?

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7 years ago by

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      ·  7 years ago (edited)

    @cryptoissweet Thank you! As you know bitcoin went on a massive bull run in 2017, and all though its price is down 50% + from highs it has still returned over 1000% past 12 months. I expect bitcoin to trade sideways as the market consolidates. It could take 6 months or 18 months, too early to tell but it usually is on the longer side. A key thing to watch is what effect newly introduced Bitcoin Futures has. Futures tend to cap things within a range. Personally I'm waiting to catch the next great bull run, I'll ignore the +/- 20% volatility in both direction. :)

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