Could this year’s crypto winter be nearing an end? That’s the opinion of some experts, and while bullish predictions are easy to come by, there are signs that a thaw could be underway. In today’s Bitcoin in Brief, we examine the market forecast for the weeks ahead.
Bears Abate While Bulls CongregateWhile market uncertainty has persisted for weeks, a few experts have felt bold enough to pop their heads above the parapet and predict the worst is over. On Monday, Crypto Asset Management’s Timothy Enneking asserted that the bull market has largely run its course. On crypto Twitter, many traders are also cautiously optimistic. For the first time in a long time, they’ve actually begun sharing calls with their followers, something they’d hitherto been hesitant to do.
Bitcoin has scarcely moved in days, but altcoins, including ethereum and NEO, have started to show green shoots, and EOS is positively blossoming, up 27% in 24 hours. That being said, it’s too early for celebrations. As one trader sagely put it, “The markets will bounce when everybody stops celebrating every single green candle and random shitcoin spike.”
Read more: https://news.bitcoin.com/bitcoin-in-brief-thursday-crypto-winter-is-almost-over/
