Bitcoin continues to struggle: Bitcoin price analysis
- Bitcoin is still rallying around 27,000 dollars as the market seems to stabilise around that zone, for now, there is no clear direction of where the price is heading next, as a lot of people don't know what to expect next from the price of Bitcoin. One thing you should remember is that, the Bitcoin bull run can never be the same again, don't expect it to be business as usual.
Can Bitcoin return to 40,000 dollars before the year runs out?
- It's hard to tell if Bitcoin can make it to 40,000 dollars by the year runs out, personally, I don't expect Bitcoin to make such progress this year but anything is possible, just make sure you prepare yourself for any outcome, load as many cryptos as can & be ready, to me the crypto market is almost unpredictable that is why you have to be prepared always.
When can we expect the bull runs to start?
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- It is really hard to say when the Bull market will start but I think the end of 2024 should be okay for the beginning of the bull run, it is not a guarantee that it's going to happen next year, so you have to pay attention to the changes in the market.
How can we tell if we are in the bull?
- If you see the price of Bitcoin breaking strong resistance and gaining momentum, just know that the bull run is back. One of the best ways to determine if the bull has started is to look at the daily volume and changes in the overall market, if the daily volume doubles the previous 7 days' volume, that simply means people are demanding Bitcoin which could lead to a Bull run