Bitcoin has started to rally massively over recent weeks, gaining 50% in the span of a month. Bitcoin currently trades at multi-year highs near $16, and is signaling that it wants to break even higher. According to a macro analysis by crypto-asset trader Josh Rager, Bitcoin is on the verge of an exponential uptrend. Bitcoin has the largest market capitalization by far of all cryptocurrencies, 19 times larger than the runner up Ethereum. The number of units is capped at 21 million, 16 million of which are available. The cap ensures that inflation won't decrease their value. Bitcoin is ready for a bull run. If at all you get bitcoin at around levels, it becomes a buy on dip. The chart shows it has crossed the important Fibonacci level of , which means the trend of BTC is now bullish. Stop loss in this will again be a weekly closing below levels.
Bitcoin tradingview analysisTechnical Analysis of Bitcoin / U.S. Dollar (BITSTAMP:BTCUSD) — TradingView — UK
Money invested in assets like real estate or the stock market will keep pace. Money stored in gold or BTC will outrun the scourge. And money stored in BTC will run the fastest, overtaking gold… Nonetheless, we believe that BTC will continue to cannibalize gold and that this story will play out dramatically over the next decade. The rate of technological adoption is growing exponentially.
Software is eating the world and gold is on the menu. He believes that institutional investment in the cryptocurrency will drive this rally. Could you be next big winner? I consent to my submitted data being collected and stored. Nice work bulls! There are still approximately one more week left in and I would love to see us end the year Midterm forecast: While the price is above the support 0.
Technical analysis: While the RSI downtrend 1 is not broken, bearish wave in price would continue. A peak is Trading suggestion:. There is a possibility of temporary retracement to suggested support line Technical analysis:. Good Sunday to you all. Im finally back from my little get away and decided to take a look at what is going on with the charts. After spending 2 days ignoring the charts its sure nice to come back to 24k BTC. Breakouts better than all others!
Enter now and earn well! Losses can exceed deposits. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Live Webinar Live Webinar Events 0. Economic Calendar Economic Calendar Events 0. Duration: min. P: R:. Search Clear Search results. No entries matching your query were found. Free Trading Guides. Please try again. Subscribe to Our Newsletter. Rates Live Chart Asset classes.
Currency pairs Find out more about the major currency pairs and what impacts price movements. Commodities Our guide explores the most traded commodities worldwide and how to start trading them. Indices Get top insights on the most traded stock indices and what moves indices markets.
Cryptocurrencies Find out more about top cryptocurrencies to trade and how to get started. BoC Gov Macklem Speech. P: R: 0.