As we await inevitable ascent of BTC to 50000 US$ price level, followed (or possibly preceded) by ETH arriving to 2000 US$, there is longer and longer shadow looming over this new brave world of crypto bull run. This is the question of when this bull run is going to end. And the answer can't be found in any other than the most unpleasant ways – when it finally happens. Actually predicting precise moment when crypto market switches from bullish to bearish is a futile task and most serious traders and investors don't bother. Instead they watch various well-hidden signs and hints, trying to connect them with their instinct, theories and technical analysis.
One of the favourite methods of predicting markets is comparing this bull market with the previous one. So, if the price goes parabolic and moves upwards too much and too fast, it is supposed to signal the imminent end. And, for some, this is what Bitcoin was doing in past two months and what, according to conventional widsom, can't do, at least not for long.
Another unpleasant reminder of the past bull runs are celebrities and various social media influencers promoting various cryptocurrencies in their Twitter feed. Probably the most spectacular example is nowadays given by Lindsay Lohan, actress and singer whose professional career for the past two decades have been overshadowed and, some say even destroyed, by her too colourful private life. Lohan is, therefore, forced to make ends meet by promoting various second tier projects and some would say that Tron and other crypto projects associated with Justin Sun would fit that bill. While efforts to turn Tron into major cryptocurrency would probably fail, at least in comparison what Elon Musk did with Dogecoin, Lindsay Lohan's entry latest adventure in Tronosphere might be a sign of new times of crypto trouble.
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I read something related to this today on Cryptonews
Apparently Lohan is not the only one targeted by Sun, as Ne-Yo has been tapped to.
Read more here