The next bull run has the potential to push the Bitcoin price to $100K, it is only a matter of time and adoption before we this number becoming a reality
Share to twitterQuestions are being asked constantly when it comes to Bitcoin's battle with the $4000 mark. The result of this battle sets the tone for a bullish or bearish trend. Since December 14, 2018, there have been several battles between bulls and bears at the price level of $4K. In each of this battle, bulls have lost the war because, after the first attack at the $4K level, the bears have been able to gain enough strength to push the price back below this critical mark.
Similarly, if we look at the monthly gains of Bitcoin and plot this on a chart , it becomes clear that Bitcoin has broken its longest streak of monthly losses. This is theBitcoin's monthly percentage chart shows that winter has ended, the 200-week moving average has saved the day for the bulls. The 50-week moving average is moving fast towards the price to close the distance between them.
said"liquidity in this market is sparse and has dried up in many exchanges. I think we can all agree this is a good thing, if temporary."Source: ThinkMarkets, Bloomberg. Twitter:@NaeemAslam23. We are seeing more actual use cases of blockchain technology now than ever before. For instance, TreeCoin is one of the strongest projects out of Switzerland which is using an asset class that has performed extremely well, timber.
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