🔔 Bitcoin is an asset-champion this year with a YTD return of 160%. Analysts of major corporations like J.P. Morgan say that Bitcoin may double or triple in the coming 3 years.
🔔 Since Gold is centralized as it is owned by Central Banks and Bitcoin is not, Bitcoin attracts more and more investors, evading the volatility that government organizations may incur.
🔔 Many analysts are bullish on BTC/USD and many predicted that the price will hit $20 000 by the end of the year, which still looks achievable.
🔔There are two patterns to watch in this price action of the pair, one of which is an expanding diagonal, the other is a parallel ascending channel, both signalling the continuation of the bullish run.
🔔 There are two major resistances up ahead, one of which is the area of the previous high of $18 970 and $19 000 and the next is at $19 652. See bullish confirmations on an Hourly chart
🔔 MACD on an Hourly chart already is about the signal line, and there is a strong support by EMA50 and MA100.
✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Comment
⋅
CEO of PayPal, "We're going to allow cryptocurrencies to be a funding source for any transaction happening on all 28 million of our merchants."
Comment
⋅
Be very cautious as it hit an important resistance