BITCOIN : BITCOIN Bull run Rally come OR G20 effect on Bitcoin?

in crypto •  6 years ago  (edited)

Hello friends,

Today bitcoin price reach $7454.94 . 

People has confusion that, it is really bitcoin bull run rally come ? or any other reason that bitcoin price Increase.

Many of bitcoin  experts  predict that bull run of Bitcoin come but many of them are predict that it is not bull run rally  of bitcoin although they say that this is the G20 effect that bitcoin price are increase.


source 


G20 effect means member of G20 are meet together and decided to regulate bitcoin in those  country where bitcoin are not regulate completely, like India.

       Indian supreme court (SC) give decision on 21/07/2018 on RBI stop, the fund transfer at the exchanges. But according to source news are coming that RBI will remove their stay rule on fund transfer.

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6 years ago by

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      ·  6 years ago 

    Its the bull rally and it will continue

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        ·  6 years ago 

      may be ,it will continue.

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        [-]
          ·  6 years ago 

        Yes your right bull run bitcoin right time

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          [-]
            ·  6 years ago (edited)

          According to me this is not Bitcoin bull run, price rise would be because of G20.
          Anyway whatever may be the reason this is the right time to invest in Bitcoin

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            [-]
              ·  6 years ago 

            hi @sushant
            yes, this is right time to invest but we should to wait few days.

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              [-]
                ·  6 years ago 

              Based on the short-term price trend of BTC over the past week, it remains unlikely that BTC returns to previous support levels at $10,000 and $12,000, given that the 5-month and 10-month MA bear cross have been confirmed for the first time since 2014. More to that, BTC failed to swiftly rebound to the $8,000 mark over the past few days, eliminating the possibility of a potential corrective rally to $10,000 in the short-term.

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