Is Bitcoin in a Bull Market or a Bear Market?by@rektcapital
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Is Bitcoin in a Bull Market or a Bear Market?

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Bitcoin has rallied over 300% since its bottom in mid-December 2018. Bitcoin is in a bull market, whereas the majority of Altcoins have remained in their extended bear trend. Microsoft announced it is building on the Bitcoin blockchain and Facebook’s “Libra” has attracted a fair amount of attention towards Bitcoin and Cryptocurrencies. Bitcoin has experienced the highest of highs and the lowest of lows throughout its price history. The market participants would sell Altcoins in order to catch and enjoy the new Bitcoin uptrend. This mass psychology would pose buy pressure on Bitcoin and a resulting sell pressure on Altcoins.

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