“Rally On The Doorstep”: Bitcoin Shows Signs Of Bull Run Similar To 2017
Crypto enthusiasts are jubilant as factors are on the horizon that could signal Bitcoin's preparations for a bull run. Will Bitcoin be able to break the $12,000 milestone and set a new high before the end of 2020?
Positive market dynamics in Bitcoin
The last trading session ended for Bitcoin with a 6.95% price increase from $10,804 on October 5 to $11,555 on October 12. Some traders have already dubbed the rise in the price of Bitcoin as the beginning of the exit from the flat, which was necessary for the flagship crypt to accumulate technical strength for further growth.
The optimistic statements of traders were reinforced by statistics on key market metrics. In particular, against the background of the rise in the price of Bitcoin, the total capitalization of the cryptocurrency market increased by 6% and is $359 billion. The warming of attitudes towards Bitcoin is also evidenced by the daily valuation of the crypto asset by the number of mentions on Twitter - 62.4. Of course, this is an alternative indicator and should not be judged as the last resort, but the fact that they talk about Bitcoin mostly in a positive way is already a good sign.
Surprisingly, even the scandal around the BitMEX crypto exchange could not shake the positive on the crypto market. The negative news was ignored, and the fears of some traders about the fall in Bitcoin did not materialize.
Crypto enthusiasts are jubilant as factors are on the horizon that could signal Bitcoin's preparations for a bull run. Will Bitcoin be able to break the $12,000 milestone and set a new high before the end of 2020?
Positive market dynamics in Bitcoin
The last trading session ended for Bitcoin with a 6.95% price increase from $10,804 on October 5 to $11,555 on October 12. Some traders have already dubbed the rise in the price of Bitcoin as the beginning of the exit from the flat, which was necessary for the flagship crypt to accumulate technical strength for further growth.
The optimistic statements of traders were reinforced by statistics on key market metrics. In particular, against the background of the rise in the price of Bitcoin, the total capitalization of the cryptocurrency market increased by 6% and is $359 billion. The warming of attitudes towards Bitcoin is also evidenced by the daily valuation of the crypto asset by the number of mentions on Twitter - 62.4. Of course, this is an alternative indicator and should not be judged as the last resort, but the fact that they talk about Bitcoin mostly in a positive way is already a good sign.
Surprisingly, even the scandal around the BitMEX crypto exchange could not shake the positive on the crypto market. The negative news was ignored, and the fears of some traders about the fall in Bitcoin did not materialize.