Bitcoin's support at $7500 remains intact as it begins a likely bull run

Bitcoin's support at $7500 remains intact as it begins a likely bull run

By jordanjnr | Crypto Digest | 29 Nov 2019


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Bitcoin is running up.

And it's doing it fast.

You see, November has always been a historic month for the price of Bitcoin.

Usually, bitcoin's price closes high on this month from a low carrier from October.

And that seems to be the case this time.

As the month draws to a close tomorrow, Bitcoin has formed a new support at $7500 and trades well above that support as of the time of writing this post.

And that's wonderful news for traders.

Because bitcoin keeps on fluctuating between $7500 and 7800, and we just scalp of those trades and make a decent profit.

But that's not the aim of this post.

This post is to shed some light on whether or not this bull run is permanent, or just bitcoin teasing investors again(like in October's amazing bull run)

Well I believe that this bull run would remain intact, at least for the next 10 days or so.

Because that support is a crucial one for bulls, and they will try as much as possible to keep that support intact.

Also, trading volumes for BTC/ETH and BTC/NGN soared today, giving an almost all time high for this month 

I believe that is an indicator that many other investors are thinking like me.

Hopefully my calculations are correct and the bull run continues.

I'm seeing myself in a yellow lambo already😁

Please if you find this post interesting, educative or entertaining, kindly leave a tip down below by clicking on the tip button. Thanks!

Please guys, if you have any problems with the post,kindly leave a comment below, and I'll attend to you immediately I can. Cheers,and to the moon!

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jordanjnr
jordanjnr

Hello! I am a Blockchain enthusiast,bitcoin investor,CEO of BigTycoon group and I love crypto! Hit me up @TycoontechBlog on twitter!


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