BTC Reaching a Critical Juncture

in #life5 years ago

Remember the bear market? Yeah, not too long ago when BTC was plummeting on a daily basis and there seemed to be no end in sight? Well, how fast things change in the world of crypto. Sentiments have changed yet again and across the board, even through prime-time media news outlets. As we all prepare for the latest and possibly greatest "moon shot" for Bitcoin, some of us are still asking. "Has the bull market really arrived?". Let's take a closer look, shall we...

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Toward the tail end of 2018, the average price of one BTC was round about $6,000. Many at the time assumed that was the bottom, before it gave way and lost 50% of it's value the following month. Now we find ourselves back at this ominous price point, yet what was once support is now resistance. Usually with these strong levels on a charts, price will hit it and rebound hard away from it, either up or down as the case may be. For BTC that would be down, however it's doing a hell of a job keeping propped up. In fact, some may argue that it seems to be rapidly pushing through it!

Now, this is the way I see it. Really speaking, BTC resistance falls into a range of between $6,000-$6,500. Anywhere within this narrow band and we could face another potential fall in price. But the higher it goes, the less chance of that actually happening. Above the $6,500 level and we're entering very interesting territory. We need to sustain ourselves above here to provide a solid case for a new bullish run. And for those out there who want to be ultra-conservative, a breach of around the $8,000 mark should be all the proof you need.

As I've said in the past, this next bull run will see an end to "cheap crypto" as we know it. Keep in mind that the majority of popular alts right now are considered super cheap, because of their loss of value against BTC during the last week of so. Make no mistake, they will pump just as hard as Bitcoin, even if there is a delay of a few days or weeks. That is why I suggest not taking any chances and getting in while you can on any crypto you wanted to get your hands on. There will be a time when it is "too late" and that time could be fast approaching much sooner than we think. The charts seem to be getting primed for another new super bull run and I, for one, don't wanna miss out on it.

Chances of a lifetime like this, are rare or even non-existent. Watch the movement of the markets carefully and capitalize whilst you can. This time around, it really does appear to be a case of "make or break" in terms of HODLing. My advice? Invest whilst prices are low or be satisfied with what you managed to acquire and don't look back...

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Hope you enjoyed this post, please look out for more on the way... (author: @ezzy)


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To the moon and beyond our galaxy!

Posted using Partiko Android

...At a minimum. :)

I hope that good streak splashes on Steem! That would be great.

Pretty sure it will. Especially at these levels. :)

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We should not miss the boat this time around @ezzy :D

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