Hi Friends
Today morning at 7:30AM in India we seen a spike in Bitcoin from $6436 to $6882 it was a great spike.
Is it bull run ?
The answer is - bitcoin is continuously in a down trend and it's not able to break it's previous high since it touch $19,666 in December.
Bitcoin in December made All time high of $19,666, came down and again tried to come up stuck at $17,400 around, again at $14,000 , $11,700 , $10,000 and the last high was $8,500.
We have also seen that Bitcoin is make it's base around $6,000 ($5,750 - $6,400 between)
I think again Bitcoin will not be able to break it's previous high and it will go reverse after touching $7,000 - $7,500.
So now it very important for Bitcoin to break its previous high then only we can expect bull run and this can only happen with the very good news like ETF, Nasdaq exchange etc..
So I advice all if you are long term investors then it's a gud time to invest and if you are short term investor then wait for sometime let Bitcoin break the trend then go long.. also I will not advice to do leverage trading at this stage.
Thanks
Crypto Money Mantra
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@cryptomoneymntra Thank you for this amazing post.
That would be great if you post about TA & FA. So it will helpful to us..
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