The Bulls Are Back In Town

On my last piece during the previous week, I analysed how the northern hemisphere summer time is usually kind on Bitcoin. Of course there was the 2011-2012 exception, when the entire market was bearish for almost 2 years in a row, but let’s ignore that for now. If we enter a dry season there is nothing to be done except patiently wait for the mercy of institutional money.

For obvious reasons, today we tell a different story.

One month after the June mini-bull run, we’re finally starting to see some positive action. New, fresh money is coming into bitcoin and that has given the market a nice pump back into the USD 7400 price level.

Do you know what that means?

–this article shouldn’t be taken as financial advisement as it represents my personal opinion and views. I have savings invested in cryptocurrency so take whatever I write with a grain of salt. Do not invest what you cannot afford to lose and always read as much as possible about a project before investing….