BITCOIN at 20000 USD. Possible. Let's see why.
BITCOIN at 20000 USD.
Possible. Let's see why.
Current situation. After 10k we have a tracking already foreseen at 9.5k, but be careful there are still positive signs and until the price drops below 8k I don't see any reversal problems.
1. The level of trust towards btc is above average, volumes still persistent and we are always in the up trend channel. In short, the tracing was expected and should not override any fear, on the contrary, after halving it is organic to expect an increase in the price.
2. Killer Whales in action. Liquidity today is on the rise again although not yet in the system and therefore not marked in the indices. Today, approximately 1,000M USD have been issued, ready to push the Bitcoin system up.
3. Mining and Infrastructure. Hardware costs and competition among miners have increased and from the point of view of infrastructure and mining, with the halving of Fees, the increase in the value of bitcoin is an obligatory step for the survival of the network itself.
4. ASIC SHA-256. The miners used for BTC are also suitable for undermining BCH, which has already passed halving recently and which today has a profitability of about 11USD / day per single mining unit against the USD 5.4 / day which would have the same machine used for bitcoin after halving. This means that all miners with electrical operating costs above 0.04 USD / Kw would have an incentive to switch from BTC mining to that of BCH which, with the same performance of mining units, would have 48% higher yields. in fact with the halving of the Fees and calculating the operating and energy costs it would be difficult for 80% of the mining farms that operate at higher costs to continue to mine bitcoins. Factor that would decrease the performance of the entire network. - So by defending the price, you defend the industry and protect Bitcoin.
5. Global crisis and financial market. Without liquidity injections by banks and governments it is collapsing. In a landscape where traditional finance has shown all its weaknesses and sailing towards a deep recession, bitcoin and gold have shown astounding resilience. Clear sign that it configures them as unique financial instruments especially in this moment of serious crisis.
So why choose to invest in bitcoin? For us Italians, the simplest comparison to understand the moment of bitcoin is the following. In the 70s, apartments were bought, today investments are made in bitcoin and many more have already understood this.
I think, also given the sudden recovery from the afterlife after the collapse due to the COVID, that the increase in the value of bitcoin to 14k / 20k in the near future is more than likely. Obviously there will be a lot of resistance and several falls, but the signs of recovery still seem clear.
Bitcoin represents the new economic and financial freedom and must be supported and protected, because it is a gift for all of us slaves of strong powers and traditional finance, I remind you that it was donated to humanity precisely to counter the financial disaster due to the collapse triggered by sub prime mortgages in 2006 that cost billions of losses, millions of unemployed and no culprits.
Possible. Let's see why.
Current situation. After 10k we have a tracking already foreseen at 9.5k, but be careful there are still positive signs and until the price drops below 8k I don't see any reversal problems.
1. The level of trust towards btc is above average, volumes still persistent and we are always in the up trend channel. In short, the tracing was expected and should not override any fear, on the contrary, after halving it is organic to expect an increase in the price.
2. Killer Whales in action. Liquidity today is on the rise again although not yet in the system and therefore not marked in the indices. Today, approximately 1,000M USD have been issued, ready to push the Bitcoin system up.
3. Mining and Infrastructure. Hardware costs and competition among miners have increased and from the point of view of infrastructure and mining, with the halving of Fees, the increase in the value of bitcoin is an obligatory step for the survival of the network itself.
4. ASIC SHA-256. The miners used for BTC are also suitable for undermining BCH, which has already passed halving recently and which today has a profitability of about 11USD / day per single mining unit against the USD 5.4 / day which would have the same machine used for bitcoin after halving. This means that all miners with electrical operating costs above 0.04 USD / Kw would have an incentive to switch from BTC mining to that of BCH which, with the same performance of mining units, would have 48% higher yields. in fact with the halving of the Fees and calculating the operating and energy costs it would be difficult for 80% of the mining farms that operate at higher costs to continue to mine bitcoins. Factor that would decrease the performance of the entire network. - So by defending the price, you defend the industry and protect Bitcoin.
5. Global crisis and financial market. Without liquidity injections by banks and governments it is collapsing. In a landscape where traditional finance has shown all its weaknesses and sailing towards a deep recession, bitcoin and gold have shown astounding resilience. Clear sign that it configures them as unique financial instruments especially in this moment of serious crisis.
So why choose to invest in bitcoin? For us Italians, the simplest comparison to understand the moment of bitcoin is the following. In the 70s, apartments were bought, today investments are made in bitcoin and many more have already understood this.
I think, also given the sudden recovery from the afterlife after the collapse due to the COVID, that the increase in the value of bitcoin to 14k / 20k in the near future is more than likely. Obviously there will be a lot of resistance and several falls, but the signs of recovery still seem clear.
Bitcoin represents the new economic and financial freedom and must be supported and protected, because it is a gift for all of us slaves of strong powers and traditional finance, I remind you that it was donated to humanity precisely to counter the financial disaster due to the collapse triggered by sub prime mortgages in 2006 that cost billions of losses, millions of unemployed and no culprits.
Trade active:
Bounce
Trade active:
Testing new support 8900USDT
