Bitcoin Analysis

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  • Bitcoin Analysis

    Posted by Nicholas  on October 22, 2020 at 10:37 am

    Some months ago i sent this chart on my twitter page about the bitcoin halving effects and logarithmic analysis… this week we saw some major moves in bitcoin breaking out solid support around the $12k zone and setting a new high at $13.2k…

    <blockquote class="twitter-tweet"><p lang="en" dir="ltr">$BTC #BTC <br><br>The next bitcoin halving will cause alot of miners to liquidate their bitcoins for capital gains in order to upgrade their mining rigs.<br><br>Do not let the price volatility in the coming days bother you stay focused as the pathway to the moon? comes with high turbulence. pic.twitter.com/eVwbGVvSz5</p>&mdash; Nicholas Ilechie (@nicholasilechie) May 10, 2020</blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

    Following same chart we could see bitcoin is set for a massive rally which i believe has already begun, the global economic crisis (covid pandemic) perhaps has shrugged the movement for a while but i doubt such effects will continue further as the demand of bitcoin lately has been of massive increase and the dollar ever losing value upon every QE and monetary policies creates higher possibilities of us seeing bitcoin at $20k likely before this year ends.

    Fingers still crossed and eyes on chart as the ever-mesmerizing bitcoin never ceases to amaze us.

    Image

    Before….


    Now…

    Nicholas  replied 3 years, 9 months ago 1 Member · 0 Replies
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