It looks like it is starting to consolidate and put in a rounding bottom:
The next move for it looks like it would be to break those all time highs.
Though, that will likely take a couple weeks as we chop around a bit more before it's really ready to rumble.
Tom Lee of Fundstrat said he expects BTC to make new highs by July of this year as each significant pull back takes roughly 84 days to get back to where it was.
The chart is somewhat setting up for that in my opinion.
My only question regarding BTC is this:
What will happen to the altcoin market if bitcoin starts a massive bull run again?
Will it suck all the value from most of the other coins just as we have seen before?
My fear is that it will.
What say you?
I think that bitcoin's massive bull run might have a positive effect in altcoins. That is what I've notice. By the way, what can you say about the current value of STEEM today?
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I can say that I wish it was higher... :)
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Haha but isn't it a good time to accumulate steem now? So be happy :)
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I feel so fortunate to have gotten into crypto at the absolute worst time in history...holding for months with only losses, in the past holding for months made you rich. I should have kept my money in the stock market.
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Haha yes, for now. I think we are going to see another major bull run this year. Give it a few more weeks to get started. :)
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very good, I like your post @jondoe
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