Signs That A Big Bitcoin (BTC) Rally Could Happen

Bitcoin (BTC), which traded at $ 10,500 levels just a month ago, fell to $ 3,600 with a collapse that began on March 12, and most major cryptocurrencies fell more than 50 percent in a short period of time. However, this price collapse may be the sign of a strong rally for Bitcoin (BTC) and the rest of the crypto market in general, rather than the beginning of a bear market.

Current Bitcoin Price Can Be Considered as “Buy Opportunity”

It seems possible that the market collapse will create a speculative springboard. Essentially, current cryptocurrency prices are extremely cheap right now. Indeed, the price of Bitcoin (BTC) has dropped to the deep levels it saw in the deep 2018 market, and the largest cryptocurrency had risen to $ 14,000 with the end of the 2018 market. Investors who think that a similar increase will be experienced can see the current prices as an opportunity to buy and a speculative buying spree may start in such a table.

In the event of a speculative buying spree, a bull run may take place that carries Bitcoin (BTC) beyond $ 10,000. In addition, we can witness investors turning to the cryptocurrency market if global stock markets remain weak.

With all this, the Bitcoin block reward is less than two months ahead of halfway, and looking at periods after past half-ends, it’s a known fact that the price of Bitcoin (BTC) typically rises sharply. This is a factor that will push investors to buy BTC.

Another factor that can trigger a rally is the collapse pushing weak investors out of the game. As always, it is estimated that HODLs have received most of the BTCs that weak investors have taken away, but they are not expected to sell these BTCs until their price reaches record levels.

Considering all these developments, it is expected that there will be perfect conditions for a big bull run and important upward price movements in the short term. Even the possibility of investors to start buying, especially as the prices of cryptocurrencies have become substantially cheap, can be a sufficient catalyst for a bull run.

In summary, after the collapse in the middle of the week, we can be in the days when “the darkest moment is the closest to the sunrise”.