As you can see on our chart we think we are close to a breakout.
If you had invested $10 000 in Aug 2015 you would have ended up with nearly $780 000 at the end of 2017.
Without doing any single sell or buy move.
The breakout is about to come. Stay cool and patient. Don’t sell your Bitcoins now.
We made a simulation based on the previous bull trend and we should reach min $300 000 in Q1 2021.
We assumed the same interest and utilization but obviously, the interest is much higher especially among institutional investors.
Moreover, there are more and more places where you can pay with BTC/crypto across the whole globe ( Euro , US, Japan, South Korea, Australia. Ex. Germany 1900 new bitcoin atms in 2019).
In May 2019 there will be 1 year before halving on BTC. This always increases the price.
Don’t forget that it is estimated that around 30% of all BTCs are completely lost.
This process is progressing which additionally influences the price.
We also haven’t looked at MACD for w while.
As it turns out, for the first time since the beginning of the correction, on 1W chart, we have a solid cross with such a strong bounce up.
This might be a herald of something BIG.
Let’s keep an eye on it.
Thank you for reading and your time.
What do you think? Are we on the verge of something bigger?
Drop us a line in the comment section.