The renowned cryptocurrency enthusiast and founder of G3Vrse, David Gokhshtein, has confirmed the return of the bull run in the cryptocurrency market. In a recent tweet, Gokhshtein, who has almost 700,000 Twitter followers, posted the phrase, “bull run is back.”
Gokhshtein’s tweet triggered a series of responses from a segment of his followers, with some confirming that tweets with such a theme have been recurrent on his timeline. One of such followers noted that in the past month, Gokhshtein tweeted about the return of the bull run up to five times.
Some respondents capitalized on the tweet’s thread to promote their favorite projects, urging other Twitter users to consider their adoption. Some other respondents capitalized on the opportunity to take jabs at those who predicted that Bitcoin would drop to lower levels before the next bull run.
Most of Gokhshtein’s followers agreed with his prediction and appeared excited about the prospects of another bull run in the cryptocurrency market.
The crypto market, led by Bitcoin, embarked on a significant rally right from the beginning of the year. The Bitcoin price opened the year at $16,530 and surged past some significantly resistant levels in the first four weeks of the new year. Several analysts assumed the rally to be false, expecting the market to drop to lower levels before establishing a long-term rally.
A temporary pullback dragged the Bitcoin price down to $19,569 after reaching a high of $25,270. However, upward momentum returned to the market, coinciding with global macroeconomic factors and the struggles faced by mainstream banks in the past couple of weeks.
As of the time of writing, Bitcoin price has risen to $28,433, representing a 72.2% gain since the beginning of the year.
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Source: Cryptocurrency - investing.com
