Bitcoin, is it too late to buy?
Bitcoin continues to set new records and more and more investors are interested in buying the most important cryptocurrency. However, many do not enter the market because they think the price is too high, but is it really?
As you can see in the image, on our channels we predicted at the beginning of the month a target of 60,000 usd, which was then hit.
cdn.shopify.com/s/files/1/0065/8856/3508/files/btc_480x480.jpg?v=1615906020]https://cdn.shopify.com/s/files/1/0065/8856/3508/files/btc_480x480.jpg?v=1615906020
We should remind ourselves that, 10 months ago, there was the halving. Every four years, as you might known, the compensation for the miners - that is, those who deal with extracting new BTC to be placed on the market - are cut by 50%, and so, with the consequent slowdown in production, the crypto's valuation tends to rise.
Now, the last halving took place last May, and if we consider that usually in the twelve months after the cut, BTC tends to rise steadily on a monthly basis, this means that there is still room to rise.
In addition, the new fiscal stimulus is on the way in the U.S.A with $ 2,000 checks about to reach the pockets of millions of Americans. According to a survey, more than 20% of them will invest this money in Bitcoin.
ibb.co/vdfMKfL]https://ibb.co/vdfMKfL
According to our analysis, we could see Bitcoin above 70k before the summer.
As you can see in the image, on our channels we predicted at the beginning of the month a target of 60,000 usd, which was then hit.
cdn.shopify.com/s/files/1/0065/8856/3508/files/btc_480x480.jpg?v=1615906020]https://cdn.shopify.com/s/files/1/0065/8856/3508/files/btc_480x480.jpg?v=1615906020
We should remind ourselves that, 10 months ago, there was the halving. Every four years, as you might known, the compensation for the miners - that is, those who deal with extracting new BTC to be placed on the market - are cut by 50%, and so, with the consequent slowdown in production, the crypto's valuation tends to rise.
Now, the last halving took place last May, and if we consider that usually in the twelve months after the cut, BTC tends to rise steadily on a monthly basis, this means that there is still room to rise.
In addition, the new fiscal stimulus is on the way in the U.S.A with $ 2,000 checks about to reach the pockets of millions of Americans. According to a survey, more than 20% of them will invest this money in Bitcoin.
ibb.co/vdfMKfL]https://ibb.co/vdfMKfL
According to our analysis, we could see Bitcoin above 70k before the summer.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.