Bitcoin’s bullrun has (probably) started

Bitcoin, which briefly dipped below $60,000 at the end of February, is up 20% since then and appears to have (probably) started a new bull run. Much depends on the negotiations between Iran and the United States, but be sure not to miss the upswing. I expect a small stop if $80,000 is breached in the coming weeks.

Iran

The pause in the war between Iran and the United States has brought many buyers back to the stock and crypto markets. Bitcoin rose by 11% in a single week and seems to have left ‘crypto winter’ behind. We will probably need another green month to say that with certainty, but the technical picture indeed looks very good.

Many sellers are still waiting around the level of $77,000.

Dollar

Also note that this is a nice rally compared to previous months, but we should not count our chickens before they hatch.

Bitcoin’s continuation depends on many geopolitical factors, such as the peace talks between Iran and the United States, the price of oil, and the future direction of the dollar.

A good start with hopefully a quick continuation. Expect a short pullback if $80,000 is broken before the end of April.