Bulls Return? BTC Up By 12% And Nearly Every Coin Is In The Green Today!

in #crypto5 years ago (edited)

What a chart to wake up to! Whether it's upwards or downwards, I think we would all agree that it's exciting to see coins 24h price change in the double-digit range percent wise.


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After months of btc being stagnant and not really showing any signs of the dreaded high volatility which most of us love and enjoy and were accustomed to by now, today its price increased by 12% at press time. Needless to say, I was extremely happy to see such a move as I was already quite bored with how the top 10 coins, especially btc, were performing in the last couple of months. Volatility is exciting and lack of it can get quite boring, irritating and disheartening, especially when it lasts for months on end. Wouldn't you agree?

Interestingly enough, STEEM hasn't followed up on this move but has rather only increased by a steady couple percent over the last few days.

I'm not a TA expert, nor do I have like many of you, any specific reason in mind to what might have caused such a sharp turn to the upside, but I'm eager to hear what you have to say about it. The TA experts among you might be able to shed some light to this and that's sole purpose of this post, to see if there is anyone more competent than me in this field with information that could benefit us all.

Let us know in the comments down below, if you have any insight about what might have caused such a major move after months of inertion, and if this could mark the beginning of the bull season, or are we going to see another one of those Bart Simpson heads with an equally sharp move downwards, back to the 4k range or lower in the next couple of days?

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I think some shorts started to get stopped out once above $4,200 and led to a squeeze higher!

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Might be the case actually. Will be interesting to see what comes out of it in the coming days.

I believe because steem only pair is btc/steem. 🤷🏼‍♂️😀

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😂😂😂

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This might be dumb money reacting to the crypto ETF April fools. Hopefully it’s something else.

Could be, we will get to know in the next couple of days.

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