{"id":56374,"date":"2019-09-10T06:42:07","date_gmt":"2019-09-10T04:42:07","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=56374"},"modified":"2019-09-10T06:42:08","modified_gmt":"2019-09-10T04:42:08","slug":"60-of-poll-respondents-think-its-possible-bitcoin-price-bull-market-at-14000","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/60-of-poll-respondents-think-its-possible-bitcoin-price-bull-market-at-14000\/","title":{"rendered":"60% of Poll Respondents Think It’s “Possible” Bitcoin Price Bull Market Ended at $14,000"},"content":{"rendered":"\n

Bitcoin Cools Off; Some Admit Bull Run <\/strong>Could <\/strong><\/span>Have Ended<\/strong><\/h2>\n\n\n\n

In June, emotions flared in the cryptocurrency community as Bitcoin <\/a>(BTC) went parabolic for the umpteenth time in its history. But by the end of the month, after the asset blasted to $14,000 in a jaw-dropping turn of events, BTC had started to cool, finally showing some weakness after a near-vertical price surge.<\/p>\n\n\n\n

This lull has continued all the way into September, with Bitcoin now trading at $10,300 \u2014 nearly 30% below the year-to-date peak \u2014 which has only been underscored by the fact that cryptocurrency market volumes are now at levels not seen since April of May \u2014 back when BTC was trading well under five figures. <\/p>\n\n\n\n

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While many have chalked up the slowing market to “reaccumulation” before the “real bull run”, some have been left doubting. “What if Bitcoin really topped in June?” is actually a thought that has crossed the mind of this writer. <\/p>\n\n\n\n

According to a recent Twitter poll<\/a> conducted by popular Twitter analyst Cantering Clark, this writer isn’t alone. In fact, when he asked his followers if they believe “it is possible that we have topped and that this is not a bull market”, 62% of the effectively 1,000 respondents said “yes”. <\/p>\n\n\n\n

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Just a question to see what everyone thinks.

Is it possible that we have topped and that this Is not a Bull market? Could it be that Bitcoin is just structured perfectly to pump more than anything else? i.e. low float + devout herd = perfect reflexive asset to do this. $btc<\/a><\/p>— Ryan \ud83d\udc0e Cantering Clark (@CanteringClark) September 8, 2019<\/a><\/blockquote>