Bitcoin rally: what's next? Will altseason start when Binance reopens?

14 May, 2019
by Jelmer van der Dussen

In the last 30 days alone, Bitcoin is up over 60%, gaining approximately 3200 dollars. However, this is even more bullish with the revelation that nearly 1200 dollars of that figure was gained within the last 24 hours. 

So what’s next, could we reasonably see a move higher? Or is it possible that we’ll get some sort of a correction? It's fair to say that any such correction could simply provide a chance to accumulate slightly more, before what could be a year long bull run…

In the short term, the reopening of Binance could also provide some volatility, as the exchange reopens its deposits and withdrawals tomorrow.

Some suggest that the reopening of Binance could spark a full on rally for altcoins, this reopening, coupled with what could be an imminent correction, or at least sideways action for Bitcoin, could indeed see some altcoins fly...

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