At the moment Bitcoin and other crypto altcoins are being bullish in the market and this started about 3 days ago after it hit the bear market taking the value of Bitcoin to $25,100 but now it has skyrocketed to the price value of $31,100 within the space of three days after the case of sec against binance was in favor of binance and the binance.us operation started again.
What do you think is responsible for the current bull run?
- Thread starter Blessed19
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A bull run occurs due to an increase in the level of investor confidence in the crypto market, causing an increase in purchases that exceed market supply and prices will tend to rise within a certain period of time. When the Bitcoin price rises, the number of Altocoin requests on the crypto market also tends to increase. So do you already have crypto and are you ready to take profit?
- Thread starter
- #4
And so you mean to tell me that by August Bitcoin price value go down the drain and cut down to 15,000 US dollar because I do not understand what you're speaking even though I know and the world of crypto most coins are not stable India price value.
This is the only hope of ordinary cryptocurrency investors like us, because we know too well and very certain that after rain comes sunshine and I strongly believe that the sunshine is here already, so everyone should position themselves for a massive profit.
I think when it comes to the factors that are responsible for the current bull run, you can consider the market demand; investors that are willing to buy or sell, we also talk about market manipulation, altcoins, and under underlying factors.
The fundamental parameters such as investors' readiness and favorable policies around the coin will determine if the coin will experience a bull run or otherwise. The Whales are largely the people behind a bullish market.
I think is the resolution of the issue with SEC and Binance in United States that makes cryptocurrency to have immediate boost. Probably, the boost will be short lived. This is a minor bearish trends
I think the term bullrun is not appropriate for what we have been seeing in the market, when a "bull run" is caused it is because the bulls take over the market and the market remains bullish for at least a year, we have not seen that yet, I think we have had bullish rallies because the fall has been too severe since historical highs.
The bullish run could be as a result of the inflation because cryptocurrency is a deflationary digital money that allow you to save your money away from the inflation that is plaguing most of the country.
