After recently crossing a major resistance Bitcoin is likely in its way to develop a one year bull run cycle
This bull run also occurs at a decisive time in human history due to the Covid pandemic and consequent accelerated adoption of digital services and payments
This bull run has been preceded by a long 2.8 years of consolidation since the 2017 bull run, with the capitulation of late-comers of coin chasers
During this accumulation period market makers, whales, professionals, institutions, and hedge funds have accumulated Bitcoin
Similar to the previous cycle it is estimate that the new bull run cycle will last approximately 1.16 years, ending one year from now on November 2021
It is expected that at its peak one BTC may cost approx. 327k USD
Always use a stop loss if you enter a trade or invest in BTC or any financial instrument, because we never know what is going to happen in the markets, we can only speculate betting on one side (buy or sell) based on fundamental and/or technical analysis
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Update 1: Bitcoin BTCUSD is showing great strength, both in volume and price, and is about to reach its historical 2017 All Time High of 19666 USD in the next few days
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Update 2: Bitcoin consolidation is approaching a trend line, crossing up above this trend line is key for uptrend continuation. Volume is currently supporting this uptrend
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Update 3: After a short 7% accumulation phase Bitcoin looks solid for uptrend continuation
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Update: ladies and gentleman fasten your seatbelts, Bitcoin is ready to cross its previous all time high of $20
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Update 4: BTC about to get to 20k per unit, it was 3k not so long ago
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Bitcoin update: BTC has just crossed its 2017 all time high of $20,000
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Update: Boom! 1BTC > 30k USD
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Update: Bitcoin consolidation before continuation
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Update: BTC potential bottom and continuation at this price level
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Update: BTC is ready for continuation
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Bitcoin Let's gp:
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Update: Bitcoin is about to break the USD 60k mark
Did you notice... for the first time ever in Bitcoin's history the 2-month chart printed a 2-month bearish engulfing candle. However price action remains on the yearly EMA. Nonetheless, a significant bearish divergence between price action and the oscillators is developing. Something to keep an eye on.
BillAnt
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Well, it got a bit derailed in May... just little by 15-20%. xD
roosgart
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Update: Bitcoin crossed the 40K mark today after an "expected" news of a major investment by TSLA, here we go to moon!