A bull run is building on Monero. It looks like the bottom of the current downtrend will be here in 13 hours and around .0127.
After the pivot from .0127 I expect a rise of 32% over the next 48 hours.
The tenacity of the bull run will indicate if the market is ready to move past this peak into yet another higher bubble. I think this will happen one last time placing Monero at a 240 million market cap and a price of about .032 BTC per share. This is yet to be seen. The Bull run will indicate if the current price peak holds for a long period or if it is surpassed. I do not expect a long term Bear market as demand in the dark markets will keep this currency held up.
After the pivot from .0127 I expect a rise of 32% over the next 48 hours.
The tenacity of the bull run will indicate if the market is ready to move past this peak into yet another higher bubble. I think this will happen one last time placing Monero at a 240 million market cap and a price of about .032 BTC per share. This is yet to be seen. The Bull run will indicate if the current price peak holds for a long period or if it is surpassed. I do not expect a long term Bear market as demand in the dark markets will keep this currency held up.