Recently the whole crypto market has been facing a massive dip following the bull run that took place in December last year. The dip has been on for more than 3 months now and a lot of people have been really skeptical about the whole crypto market. While some are asking; is this the end for crypto, others are seeing it as a potential investment period. Although during this though period, lots of ALTS have seen some good green candles, however, for BTC, it has really been a rough time for the crypto giant. Falling from an ATH of 20k to sitting around 6k plus.
BTC Chart Showing December All Time High
As a result of its bearish level, a lot of people still believe that it will take longer period for BTC to have a stable bull run. In few telegram group where I belong, there have been lots of TA admitting that BTC has to cross the 12k mark before stable bull run can be confirmed, while other TA also say that it need to make a double bottom by hitting 6k mark before it finally takes off. However the case maybe; in the last hour, there has been a sudden surge in the crypto giant and many are now asking, is this the bull run we have been waiting for or it just another bull trap.
BTC Chart Showing Current Price
Well a lot has been happening lately, this includes news and rumors surrounding the crypto media plus community supports. If you are an investor in crypto, you will agree with me that the crypto media is a stop you would not want to miss if you want to stay up to date in cryptocurrency trend. You can get some news hints off twitter, telegram, facebook and crypto media houses like coindesk, cointelegraph. However, it is important to note that these news plays major role on the market and has a way of affecting investors and traders. Some news creates panic and FUD others creates FOMO. So weather BTC is in a Bull run or Bull trap, what makes you a winner in the end is patience.
This is because when a news is created to cause panic and FUD in the meantime to reduce the price of crypto currency and allow for low entry points, be rest assured that another news will surely be created to increase the price and cause FOMO in the market.
My Advice to all, be patient with your investment because in the end, it will be a win for you.
Also, buying the dips is a wise way of cutting down on your buying price and gives you a decent low entry point.
NB: This is not a Financial Advice, you can always DYOR
You can always share your opinion with us in the comment session if you think is a BULL run breakout lets know why and if you think it’s not, let also get your feedback, thanks
