Another look at the long term Bitcoin trendline

Тема в разделе "English", создана пользователем Trading Ideas, 6 окт 2019.

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    1234458-2div_mid.png
    Another look at the long term Bitcoin trendline
    Bitcoin / U.S. dollar BITSTAMP:BTCUSD
    leongaban
    gYPDdfPz_mid.png
    The longterm log rising curved channel in Bitcoin has forecasted Bitcoin price action for the last decade and with more and more investors starting to pay attention, this trend does not seem to want to be broken.

    Just 1 look at the current market structure suggests more likely than not, Bitcoin will break down a bit further, but we are still at the beginning of the next 2-year bull run. With the halving in 2020, start looking for a gradual rise, then massive rise with a potential top somewhere in 2021-2022. The name of the game is accumulation right now.

    The entire marketcap is currently at roughly 200 billion, a repeat of the euphoria from 2017 means a rise to 4 trillion. Much bigger players are now in the game, who weren't back then. At 4T, and Bitcoin at 50% dominance, means 140k BTC . I've also linked to another chart displaying a further forecast of this curved channel.
     
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