Bitcoin is undervalued and has been in a bearish trend thanks to the short term technical analysis traders. Making it a great time to buy now, has we seen in 2018 the yield for bitcoin will return this year hence increase the demand and price. (This is a long term trade) With the increase in bitcoin use in unstable countries like Venezuela shows that the its undervalued. Bitcoin usage has increased in Venezuela by 30% has their currency is hyper-inflated and will hit 10,000,000% at the end of 2019.
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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.