btc bullrun after chinese new year?

[JL421]

Nope nothing has happened yet i don't expect anything to happen to the price in this month there was a slight upward movement but unfortunately it wasn't enough and it stopped again
We need a bigger force and demand in order for a bullrun

[el kaka22]

btc bullrun after chinese new year?

Do you think so? Why is everybody so obsessed with this chinese event? I doubt investors will get money from bitcoin to buy shit for this type of holiday.

I honestly do not know and I really wonder that people just hear a particular stuff from some people, and then they spread it around like it is something legitimate. The market will always do pretty well without the Chinese involvement and moreover, who said that the Chinese traders are waiting for the festival to be over before they start getting involved ? That would be their loss as the market can always recover even then and if it happens to be when their new year is over, it is just going to be a plain coincidence.

[fulmetal08larz]

If you will look at the chart and technical analysis on some of the trading sites, it is considered a buying opportunity and it does not matter whether it's a holiday or not. It could be possible that the Chinese have bought large volumes during Feb 16 trading but it does not mean for another bull run. The market is currently at consolidation stage and usually after that will be the breakout - probably within the next 2 months.

[PalindromemordnilaP]

I'm afraid not. If there will be a bull run, the only thing it will have in common with Chinese new year, is the time. There are investors who predict a bull run in 2 weeks, but seeing is believing.

I think it's time to believe now since bitcoin has reached 11K USD mark in just a short period of time since it went down to 6K USD a couple of days ago. It seems that this run will last long since the change of its market cap is dominant.