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Author Topic: Bitcoin is following the same path of 2017  (Read 2055 times)
Mumbeeptind1963
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November 02, 2019, 04:36:04 PM
 #341

I think the same pattern as in 2017 does not happen this year, but it will happen at the end of next year. Yeah the new ATH Bitcoin will occur after Halving Bitcoin, at June 2020. Even at the end of 2021 it will be exactly same as at the end of 2017 where the price of Bitcoin reaches its new ATH peak every 4 years.
Clearly we are not seeing the same pattern in 2017. we can check its chart https://coinmarketcap.com/currencies/bitcoin/#charts.. and we will see how BTC struggles, in case it will rise this year, 15K would be the maximum IMO, but we are not going to have a new ATH like what we did last 2017.
If you look at the chart, trend might not look similar but it is bullish.
But the main thing to notice is the volume. Look at the 24 hr volume. It is gaining momentum and is in uptrend since the year start which is a really good sign if you combine it with the trend. Price went up to $13k and with a healthy correction, the price is back to $9k. Volume has been in constant increase during all that. I expect an easy jump to $20k from here by the year end.
Bitcoin is not following the same path of 2017 because bitcoin still did not reach it's price up to $10,000 in this month of October, but bitcoin sill increasing it's price that it stays to $9,000 and up. Bitcoin is still waking it's price from the downturn, so i think bitcoin could experience halving in the starting year of 2020 and in the year of 2021 bitcoin could go to moon again.
I agree with you, bitcoin in that year reaches $14,000 . It is quite too far from this month Novermber, it is almost a half of it. I cant say that bitcoin will go ATH again this year, if bitcoin continues to grow from this month a +$1000 growth per month I think it will be by March next year or maybe 2nd quarter of the year if no recession, halving or any news will comes out that can hinder the pump of bitcoin.

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