(Opinion) In for a Bullrun in the next 72 hours

I believe Bitcoin will see a runup in the next few days. Usually, when the market senses that a flash crash or correction is over, it usually isn't, but in this case I think we may have a steady price between 11k-12k then jump up to around 17k or higher.

I think this will happen because usually after a week or two like this, good news, FOMO, and optimism of reaching a new ATH becomes present. I know this may sound dumb, but a lot of younger folk and newcomers to the community usually just follow what the masses feel, or what their favorite youtuber tells them and right now the masses (and crypto media), sense there is going to be a run up.

A lot of other news like Lightning has finally caught some eyes as well.

This run up will be like the run up we had from 8-19k, but might even last longer depending on when people decide to lock in those profits. My guess is that if we pass 20k, it will go to 25K and people will start locking in around their, since that is about 3x the 200d support level.


Maybe this wont happen, but I would like to hear some opinions.

 

Will happen. But i don’t think it will happen in the next 72 hours. I’m thinking a 2-3w timeframe.

 

I'm not so optimistic. There must be a lot of bagholders just waiting to break even lol. But meh, idk.

 

Hows this playing out for you OP since BTC has crashed through the floor with -14%--25% on every crypto today ^.^.

 

well i don't see a $13 down day as a bad sign (In terms of LTC.. the ratio has stayed steady despite the drop in price). Since LTC is my primary position I don't care much about the price of BTC in terms of USD compared when compared to LTC's ratio/BTC. Hours like these just give me more room to place more buy orders. It hasn't even been 24 hours sine this was posted.

Also, I don't think we will see a new ATH within 72 hours, but I believe the start of a new bullrun is quickly approaching.

 

actually, you have a point here. A lot of people bought at those 19k levels and some caught that falling knife and lost a few fingers in the process, so it is possible once we reach that 16-18k level during the next run up, people will start to lock in there to recover from some losses.

 

Well yeah and now everyone has experienced a substantial crash and will be far less willing to follow shills and expect bounce backs etc etc

 

Hope so man, I am waiting for the next serious hard fork for btc. Which will crash alts again and pump btc

 

I believe we may have some bearish movements upon us. He has to hold this low or we could see $5K USD.