If we hold up from here, and don't go below 10769, we will likely hit one of the targets shown by the blue arrows on chart.
$Bitcoin is acting strong, showing signs that the long term 2-Month timeframe signal is still calling the shots. Over time, price may go as high as $280000 by late 2020, if it doesn't go back below 6481.
Bullish fundamentals are being front ran for a long time, since price started basing near 3500, after bottoming in December 2018. Expectations of institutional money coming to $BTC paired with the intrinsic bullish qualities of monetary policy and POW secured blockchain, which allow us to have a digital gold alternative, a store of wealth and a tool to avoid money controls, among other things...A major disrupting force, considering the huge amount of money that travels between borders and to tax havens, just to name one use case of the tech...
Libra was named by many as a bullish catalyst for $BTC -wrongly-, but it's now clear governments can't stop Bitcoin, unlike it. The accumulation base that started way ahead of the Libra news had nothing to do with it, clearly.
Do your due diligence, regarding safe guarding your coins, but, don't miss out on this buying opportunity.
Cheers,
Ivan Labrie.
$Bitcoin is acting strong, showing signs that the long term 2-Month timeframe signal is still calling the shots. Over time, price may go as high as $280000 by late 2020, if it doesn't go back below 6481.
Bullish fundamentals are being front ran for a long time, since price started basing near 3500, after bottoming in December 2018. Expectations of institutional money coming to $BTC paired with the intrinsic bullish qualities of monetary policy and POW secured blockchain, which allow us to have a digital gold alternative, a store of wealth and a tool to avoid money controls, among other things...A major disrupting force, considering the huge amount of money that travels between borders and to tax havens, just to name one use case of the tech...
Libra was named by many as a bullish catalyst for $BTC -wrongly-, but it's now clear governments can't stop Bitcoin, unlike it. The accumulation base that started way ahead of the Libra news had nothing to do with it, clearly.
Do your due diligence, regarding safe guarding your coins, but, don't miss out on this buying opportunity.
Cheers,
Ivan Labrie.
Kommentar:
Good close in the 3D chart, we dipped to 11656, good spot to add or buy if you missed it before:
