Is the Bull Market slowly coming back ?
The general feeling about the Crypto Currency market is that slowly we are regaining the bullish trend.
We have seen for the past week that Bitcoin has gone up from $6800 to as Im writing this $7767.
I dont know if any of you have noticed but every single time Bitcoin starts to rally there is a mass liquidation going on.
Every time this is what happens, one after another in a huge bunch.
I suggest you follow @WhaleCalls on twitter and you will see exactly what Im talking about.
In the recent days with Bitcoin rising so much there has been a LOT of liquidations going on to keep the price down.
Unfotunately it hasnt worked for the past week even with all the liquidation orders being put through and Bitcoin has been climbing slowly but surely every single day.
I have been observing this trend. For months before every rally was quickly killed by liquidation orders but this time that just hasnt been enough.
Thats why I really think we are on the brink of a major Bull market.
Lets hope I'm right.