sunday price spike...Is bitcoin bullrun coming or it's just a relief week before the next drop...? here are some intresting facts

in #bitcoin6 years ago

Nowadays digital assets lost its value near about 70% through the first quarter of 2018. And all market sentiments is in panic and leaving investors, traders and market spectators to wonder if the good times would ever be back.
Bitcoin is the largest cryptocurrency in the market rallied up tp 20000 USD in DEC 2017 But in 2018 first and second quarter bitcoin is traded between 5800 to 6500 USD.
Bitcoin bullrun seems inevitable after market smashing such hard in 2018. 10K-Bull-Run.jpg

Psychological Warfare:

It may be the $10000 is psychological breaking point of the bitcoin. 10k represents the second cycle of the Bitcoin which has catch the intrest of institutional investors.This will lead to third cycle of Bitcoin run.
Psychological bull run cycles-
6500-8500$ first cycle (uncertainty in mind.)
8500-10000$ second cycle (so we can say bull run near to start.)
10000-12500$ third cycle (which leads bull run.)

Media Sentiments:

Here we are all know their is no secret the volatile Cryptocurrency market UP and DOWN by leading media news. With so many news spreading FUD and FOMO about market. And playing with peoples.

Government call for Regulatory Framework:

Many government bodies call for regulatory framework it has an impact on Bitcoin price and whole Cryptocurrency market. Savage beating price because some rumors like banning of Bitcoin in China and Korea.

Lightning Network Implementation:

The surge in recent Bitcoin popularity has slowed its network.Average time to process transactions stretch to several hours and transaction fees gone to almost 40$. However The Lightning Network solve the scalability issue. Lightning Network promises Million or Billion transactions per second. The Testnet is already live when this implement to Mainet it will dramatic explosion of BTC price.

Widely adoption:

Nowadays many countries looking for Bitcoin.As as well as retailers around the world start accepting BTC as payment.And many to come it may also support by big players. Adoption of mainstream of Bitcoin is very true bullish sign of price spike.

Institutional funds started entering....?

Here i want to show you something....

CryptoCurrency Exchange Volume: by coinmarketcap
exchange.png

btc vol11.png

so what you think guys about this spike Is Bullrun coming or its just a relief week before next dropdown...? happy to hear you all in comments....

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