Bitcoin (BTC) has already started the bull run, which could trigger its career up to $ 100,000, two po[CENSORED]r social media personalities have said.
Speaking in a Market Discussion on January 31, YouTube bloggers of The Moon (Carl Runefelt) and DataDash (Nicholas Merten) told Cointelegraph that Bitcoin had been in a bull market "for some time."
DataDash sees a $ 100,000 bullish target for BTC
The two form the last voices of the commercial circles to go decidedly upward in BTC, cementing the positive feeling of Cointelegraph guests throughout the month of January.
During that time, BTC / USD has earned more than 30%, making Bitcoin the second best investment opportunity available in 2020, just behind Tesla's shares.
Bitcoin Forecast: What will be the price of bitcoin in 2020 according to experts?
Recognizing that time frames played an important role in determining the characteristics of a Bitcoin bull or bear market, The Moon and DataDash, however, shared little doubt about the overall market trajectory.
"Until we reach $ 20,000, we will not see the parabolic run that we have seen in previous cycles, such as when we went from $ 1,000 to $ 20,000 in 2017," Merten continued.
The Moon: The break from the 6,000 dollars unleashed the bull market
As Cointelegraph reported, veteran trader Peter Brandt had captured the growing sense of relief among traders in his own Market Discussion two weeks ago.
Announcing that "weak hands are out" of Bitcoin, Brandt predicted that they will not return to the previous low levels around $ 6,000. That position subsequently won the support of his colleague, Tone Vays, as well as Ezee Trader's partner, Charlie Burton, last week.
However, Vays has remained characteristically difficult to convince, arguing that the BTC / USD pair should remain above $ 9,000 for several days to persuade him, something that actually came true.