We are seeing some really good bullish action from Bitcoin and many are wondering what will happen next!
The altcoins have been growing in the tune of 100-200%, and many growing 300-500% and even more... As these many altcoins pairs and project correct/retrace, money flows out and moves to Bitcoin as Bitcoin grows.
The Bitcoin Halving event is expected to take place in May 2020. Now, even though the halving is always viewed as a bullish event, what happens before it is a strong drop/crash in prices.
So we are seeing Bitcoin prices move up now so they can have one final strong bearish leg before/during halving, in order to produce strong long-term sustained growth afterward.
When the current bull rally ends and a peak is reached for Bitcoin, the retrace/correction follows and that's when the turn for the altcoins will come.
If it takes Bitcoin 3 months to complete the final bearish wave, just as an example, you can expect 3 months of astonishingly strong altcoins bullish action.
This is just a general market prediction and not a technical analysis nor a signal to take action. For any buy/sell decision, remember to do your own research and always have a plan before you decide to trade.
This is Alan Masters... Thanks a lot for your support.
Namaste.
-- Previous analysis --
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