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
If you like this idea thanks for your likes and sharing.
Happy trading!
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
If you like this idea thanks for your likes and sharing.
Happy trading!
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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
