The key question is, have we already seen the highest price at the Bitcoin . Was 20,000 USD the ATH?
Many agrees: No, that was still the highest price. So if USD 20,000 wasn't the highest price, what is the highest limit that the Bitcoin will approach at some point?
This is where we should look at the Halvings...
The 1st Halving was in November 2012. After that the price increased extremely. Likewise it was so with the 2nd Halving in the middle of September 2016. Then the rally starts up to the current ATM of 20,000 USD.
Let's take this fact as a basis and look at the situation of the miners. Then a target of over USD 150,000 could be possible after the 3rd halving in May 2020.
My analysis is based on a logeritmic chart and the are also adjusted to the logeritmic course as elypses. Linear would distort the picture here.
The question is now. Where is the current low point of the Bitcoin?
Many see a low based on Fibo at perhaps near 3000 USD or 2000 USD. I don't see it that way. Bitcoin can become even cheaper. At about 5,800 USD the bottom could be. But that doesn't have to be any more. We may already have seen the lowest mark. On the basis of my , we could expect a sideways movement in the coming months, with an interim high at the end of 2019.
After the 3rd halving we can then safely expect a strong rise again.
Until then, good profits can be made with swing trading due to the sideways movement.
So. Should I buy Bitcoins? And when? It's like gold right now. We can expect a correction on the stock markets, so where does it make sense to invest? I now hold my Bitcoins again and buy again and again at a good price.
Here the close-up view:
Let's see what happens. Happy trading. :-)
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Entrepreneur · Trader · Investor · Crypto since 2014
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