Bitcoin is soon rare as gold. Even central bankers are currently dealing with crypto currencies. Will Bitcoin come back with force in 2020? I say: Yes! And earlier than we all think.
Everyone knows the forecast of John McAfee, who sees Bitcoin at one million. Me too, by the way. The latest price target of the Bavarian State Bank of 90,000 dollars per coin is almost conservative.
Gold has a stock-to-flow ratio of 58. After halving, Bitcoin's stock-to-flow ratio rises from 25 to 50. Bitcoin would then be as rare as gold. On this basis, the price would increase by a factor of ten.
The Bitcoin course will recover soon. Before the two halvings at the end of 2012 and 2016, a bottom formation was observed twelve months before the date. This also seems to be the case now.
And central banks are planning to introduce their own cryptos. This strengthens Bitcoin additionally and is no competition.
I see the price development accordingly. In my opinion, the price could go even higher.
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Let's see what happens. Happy trading. :-)
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Look also at:
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close up of the current situation...
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Bottom reached!?
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also at 4h a bullish divergence.
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a possible scenario. update.
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strong impulse broke all resistance up. strong bullish sign.
The most reasonable analysis I've seen here so far, thank you a million @bcinvests
BTCINVESTING
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@yuriysadoma, thx for your comment. good luck and happy trading. :)
mbc47
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Out of touch with reality.
BTCINVESTING
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@mbc47, thx for your comment. lets see. i m sure that we can expect a strong up after halving.
mbc47
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@btcinvests, based on what? feeling :) ? ot what LTC did?
BTCINVESTING
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@mbc47, it is simple. btc repeats its behavior. look at the past. you can see it.
mbc47
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@btcinvests, it is never simple, and you will find that overtime
BTCINVESTING
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@mbc47, thx for your advice. i ve been trading since more than 30 years. and this successfully. btw i dont care about forecasts and targets. i m trading straight with my indicators. when its green i buy when red i sell ... or open long, close long, open short, close short ... thats it. forecasts and targets are okay in the longrun and to see where we will go. at the end btc will be as strong as gold. thats my opinion.
yuriysadoma
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@btcinvests, Same here, the Stock: first fed to get fat and then led to a slaughter house. All the predictions works until the big long turn - therefore, have a mind of your own, and be blessed evermore.
BTCINVESTING
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@yuriysadoma, lets see. i think that btc and cryptos can have a golden future. :)