Jun 29, · Analyst Willy Woo’s new Bitcoin price model suggested the next bull market will start in July Woo used eight-year historical data to find the beginning of exponential bull runs. And with the next cycle top possibly reaching price predictions of $50, to as much as $,, the opportunity is just too great to pass up. But the question remains “how does Bitcoin increase in value.” We’ll explain that in the next few sections. Indicators Confirm Bull Market. Oct 04, · Closely-followed trader and crypto strategist Credible Crypto sees XRP meteorically rising by over 12,% in the next Bitcoin boom cycle. In a new tweet, the crypto analyst tells his 68, followers that Ripple’s native token has the potential to massively increase one’s net worth in the coming years. “Keep it real.
Bitcoin next bull marketKey Factors Behind Bitcoin’s Next Bull Market - How to spend Bitcoin on Crypto Rating
For now, the directional index lines have crossed which signals an uptrend in and of itself. Parabolic SAR also has signaled that a new trend is beginning and showing signs of going parabolic once again.
Bitcoin was designed to feature a number of key attributes and features that make it unique as a financial asset, but also as a disruptive technology. Thecryptocurrency is hard-capped at a fixed supply of just 21 million BTC to ever exist, with millions less than that currently in circulation.
The limited, scarce supply helps to give Bitcoin its value and make it a store of said value. The fixed supply also gives the cryptocurrency a deflationary aspect, unlike fiat currencies that can be printed at the whim of a reserve bank. More and more BTC is released into the market each day through a process called mining. Mining is what powers the Bitcoin blockchain, adding each new block and validating it.
But when the halving rolls around later this year, that reward gets reduced in half, hence the name. This supposedly causes miners to stop selling as much Bitcoin into the market at a loss, resulting in a dramatic shift in supply and demand dynamics.
This causes demand to outweigh the supply significantly until price catches up with the cost of production and miners begin selling again. Recently, the model was further updated to account for one million BTC that are believed to be lost forever, further reducing the supply of 21 million BTC to ever exist. The Bitcoin Power Law Growth Corridor model also suggests that Bitcoin price will increase to astronomical figures in time.
They explain:. My answer: silver, gold, countries with negative interest rate Europe, Japan, US soon , countries with predatory governments Venezuela, China, Iran, Turkey, etc , billionaires and millionaires hedging against quantitative easing QE , and institutional investors discovering the best performing asset of the last 10 yrs.
Making matters worse, debt is skyrocketing to the highest levels the world has ever seen and the gap between the wealthy and the lower class is growing exponentially. Bitcoin was designed by Satoshi Nakamoto in the wake of the last financial crisis and bank bailouts and did so with certain attributes in mind such as scarcity and a lack of ability to create more Bitcoin. It also makes things like exchange rates and paying for goods while traveling that much easier.
Only time will tell if this occurs, but Bitcoin was designed to eventually unseat and replace fiat currencies, and no other asset has ever had a chance to do so — until now.
Interestingly, Bitcoin was designed to share many attributes with these precious metals, earning it the moniker of digital gold. It also cannot be counterfeited, something that plagues the gold market even today. The fact that Bitcoin and gold share similar features has caused the two assets to rise in tandem throughout , and into The two assets have been skyrocketing all of thus far, ignited by the potential war between the United States and Iran.
Because of all of the aforementioned reasons, institutional interest in Bitcoin and other cryptocurrencies has been growing for some time now but has had one major missing ingredient: platforms that cater to institutional investors and traders. Institutional investors are now considering the asset alongside gold as a safe-haven asset, looking at it as an eventual alternative to fiat currencies, and realizing the amazing profit potential it wields due to its digital scarcity.
As mentioned earlier in this article, many indicators have flipped bullish, a new uptrend is likely right around the corner. The best trading strategy to profit from an uptrend is to go long. A long order is simply a buy order of an asset, usually with leverage. Traders are advised to go long with each pullback, retest, and confirmation of resistance turned support, and ride the rally to new highs.
Stop losses can be set below the support level on a price chart, in case the uptrend ends and a new downtrend begins. Leverage allows traders to gear their trades so they can generate even more profit from the same initial capital.
Leverage trades can greatly multiply the gains of a bull run. We have also published a guide on more detailed Bitcoin trading strategies, for those interested in learning more advanced skills. The birth of cryptocurrency began with Bitcoin and with it blockchain technology.
However, following its creation, several alternative decentralized crypto assets were created, some offering Uniswap is just one of many new automated market maker platforms offering liquidity pooling and token swapping through a decentralized exchange interface.
These new, innovative platforms Digital currencies are computer files that are stored in distributed databases that communicate over the internet.
There are too many "I got burned" stories from the last go-around. He implied the market participants in the next bull should have learnt from previous failed trading strategies. Will the market react any different this time? Erik Voorhees, CEO at Spaceshift, however does not believe the market will behave any different to previous bull runs as the investors coming into Bitcoin are new.
He replied,. But it was not the case. However, the markets look ripe for a bullish momentum in the longer term trading periods and it will be a wonderful sight to see how the market will react to the bull run — mature or euphoric? All Rights Reserved. Search for:. Price Analysis. ICO Review. Submit ICO Review. Editor's Pick.
Bitcoin BTC retailers are mature enough According to Bitcoin influencer and educator, Jimmy Song, the markets have learnt from the previous extra bullish momentum in and , both years following the halving. Similar euphoria expected… Erik Voorhees, CEO at Spaceshift, however does not believe the market will behave any different to previous bull runs as the investors coming into Bitcoin are new.
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