Why a Rapid Bull Run in Crypto Can’t be Expected Just Yet

In the last three days, the crypto market added $33 billion to its valuation and the Bitcoin price surged by 18 percent against the U.S. dollar. But, one trader said that a bull run cannot be expected just yet.

Alex Krüger, an economist, a trader, and a technical analyst, said that the cryptocurrency market has simply stopped falling below major support levels and defended the $100 billion support level with high intensity.

Crypto simply stopped falling. Nothing else has changed. No reason to expect a rabid bull run yet. May easily print new lows in the following weeks. A wide range is IMO the most likely scenario to ensue. Nothing to FOMO into.

— Alex Krüger 🇦🇷 (@Crypto_Macro) December 20, 2018

In the following weeks, the trader explained the market could continue to demonstrate wild volatility in a wide range, unable to initiate a strong mid-term bull run and a long-lasting rally.

Crypto Market Not Ready Just Yet

This week, the cryptocurrency market…