The Surging Bitcoin (BTC) Volume Could Reportedly Trigger A “Raging Bull Market”
Another day, another Bitcoin-related prediction.
In 2019, Bitcoin-related predictions are becoming more and more optimistic, and they seem to be pouring in the crypto space.
For instance, Tron’s Justin Sun believes that the bear market has eventually come to an end and Bitcoin has already hit a bottom. From now on thing can only get better.
Recently, Cryptopotato highlighted a new historical report that suggests the fact that BTC’s price can hit at least $102,000.
Twitter CEO, Jack Dorsey also believes that we’re looking at a “massive acceleration” that’s on the horizon.
BTC’s surging volume could trigger massive bulls
Technical analyst The Crypto Dog just revealed to his 115k followers on Twitter that Bitcoin’s surging volume, if it is legit and sustainable, has the most important digital asset preparing for something really huge.
He said that a “raging bull market” could be on the horizon, as reported by The Daily Hodl.
According to the technical analysts, BTC has a strong potential to break through $4,000, and there’s also some renewed optimism on the short term for XRP and Ethereum as well. Below, you can see The Crypto Dog’s tweet.
Either this volume isn't representative of reality (possible, could be wash trading being calculated in here), or we're about to bust out into a raging bull market.$crypto #Bitcoin pic.twitter.com/nT7DplNVYt
— The Crypto Dog📈 (@TheCryptoDog) March 6, 2019
Twitter commenters have mixed reactions
The Twitter crypto community has mixed reactions to this.
Someone said “We are struggling with violent indecision, and both sides are confident, planning attacks and counter-attacks. We are in the middle of war with huge stakes. TA shows bear market should have lasted longer – although fundamental adoption has gone ballistic the last eight weeks.”
Another commenter wrote: “100% disbelief. Almost NO ONE trusts this move. No matter its strength and volume.”
Crypto experts are expecting 2019 to be a much better year for the crypto market in terms of price.
But what’s almost certain now is that we are heading towards crypto mass adoption and things are moving towards this goal at a rapid pace.
Co-founder and CEO of Twitter and Square, Dorsey has been an advocate for Bitcoin since the early days. Having launched a crypto division of Square early this year (called Cash App - which helps newcomers buy Bitcoin), Dorsey is now making plans to lead the way to mass BTC adoption in Africa.
Founder of TRON (TRX)
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.