[2019-05-23] Monfex’s Analyst offers more support for a Bitcoin bull market

[S3cco]

Bitcoin Garden: Monfex’s Analyst offers more support for a Bitcoin bull market
https://bitcoingarden.org/monfexs-analyst-offers-more-support-for-a-bitcoin-bull-market/

According to its TradingView profile, trading platform Monfex is echoing the general market sentiment by offering a strong buy signal for Bitcoin. Bitcoin is currently just below $8k USD, down from a 30 day high of $8,300 USD on May 16, 2019.

These numbers follow an extended bear market for Bitcoin. This pattern included a nearly five month trough, where BTC struggled to stay above $3,000 USD.

2018’s dismal cryptocurrency market followed an extended period of exceptional growth for cryptocurrency. Led by Bitcoin, cryptocurrency saw unprecedented prices and industry expansion. While prices decreased over 2018, overall industry growth showed no signs of slowing.

Therefore, for dedicated cryptocurrency enthusiasts and investors, recent upward momentum in the charts is merely a sign of technological advancement and increased traditional market visibility.

However, this upward price momentum continues to elicit excitement and anticipation amongst the most seasoned cryptocurrency traders. Will it is particularly good news for those with a specific stake in Bitcoin, trends within BTC and ETH have historically led the entire digital currency market....

[CryptoBry]

There is no question that there is a strong positive sentiment for bitcoin and even the whole cryptocurrency marketplace. And even a dip which is being experienced right now can never deter many analysts who are predicting that something is brewing here as if bitcoin is just using this lull to gather more energy for the eventual big bull run. This kind of positive outlook will soon be spreading like a wildfire and we will have a market teeming with enthusiastic and energized bitcoin investors, hodlers and just plain supporters.

[shamc]

Bitcoin is struggling to get past $8000 but when it does, i can see it hitting $20k again in a matter of weeks. The FOMO this time around is going to be wild and $20k is going to sound like peanuts when it goes parabolic into 6 figures