[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.13.1″]
The crypto market experienced a long-term bearish trend in 2018, now that the price seems to have finally stabilized, investors are once again wondering what to expect in the future. Will bitcoin go up once again, or will its fall continue?
In the last 10 years, Bitcoin has developed a fairly strong community, which indicates that these investors, combined with all the other crypto enthusiasts, are still a pretty strong force that considers the cryptoactive as a promising future investment. For those who took note of the cryptoactives as soon as they appeared, the market crash is nothing new. In fact, this is the fifth time that has happened. The recent debacle is not even the biggest bitcoin has experienced, although it may end up being one of the longest.
Bitcoin reached $ 10,000 on November 28. This is the analysis that became known as “Bitcoin Bomb”.
Using the same principle, analysts also calculated that bitcoin should reach $ 100,000 by July 16, 2021. As seen in 2017, an error of 5 to 7 days may occur. Due to these predictions, the market is now expected to enter a period of calm in 2019/2020 and the price of the BTC to rise rapidly once again to reach the predicted value. While the situation seems to be not very friendly now, there is still no reason to suspect that this will not happen.
One of crypto’s most renowned analysts, Murad Makhmudov, published his own predictions for the price of bitcoin, claiming that the BTC value will reach $ 160,000 by 2023. He based his calculations on the same logarithmic progression. Another price forecast that was made in July of this year predicted that BTC would fall to only $ 3,000 in October. While the expected price drop came about a month late, it still happened, and BTC is currently swinging above $ 3,400.
All of these predictions seem almost identical when it comes to your forecast. For now, the market is in a relatively quiet period, which will end at some point. After that, a new wave will take bitcoin up to five times more than its current maximum. This event will probably occur sometime between 2021 and 2023.
The current market situation, however serious it may seem, is far from being the first for Bitcoin. It seems that the history of Bitcoin, in fact, is repeated, and if that is the case, what should investors do? What is the appropriate course of action at this point?
According to analysts, the best thing to do now is to buy while prices are low. Buy and retain is the key. On the other hand, once Bitcoin starts to increase once again, investors should strengthen their positions. They should also open purchase orders with a leverage of 1: 100, and see how their profits skyrocket tens of times. In that way, investors will avoid losing valuable time, since the quick reaction to the change in value is crucial to protect the savings from losses, but also to obtain additional profits.
PrimeXBT also offers several trading pairs, including those against Bitcoin, Bitcoin Cash, Ethereum, Litecoin and EOS. The investment environment is comfortable and there are numerous features that can be used by both experienced investors and novices. These are the functionalities that will allow investors to take quick action during the next price increase, but they will also protect them from another price drop.
Source: www.criptonoticias.com
Learn more about Blockchain technology at icashweb.com
[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
