29.1.2020 - Bitcoin (BTC / USD)
Hi Traders!
Will it continue to grow until halving? Despite strong resistance, bitcoin has been growing steadily for the last few days. Today we'll present a long-term overview of what's next. Halving is happening on 11.05.2020 and as we can see on the graph, bitcoin can grow well when he wants to.
At the moment, we are above the MA200 on the daily graph and everything indicates that we will continue to grow. Way back, we've also overcome a declining trend line, which is another sign of trend reversal.
Altcoins are also very positive and even grow faster than bitcoin. The mood is turning positive and a number of youtubers and crypto experts from around the world say that we will only continue to grow until halving, as the graph suggests.
From 26.6.2019 to 18.12.2019 we were basically just in decline and therefore a smaller increase would be absolutely fine. Plus, halving is really around the corner, and we don't see any real reason why would people and crypto enthusiasts sell bitcoin before halving. From 11.05.2020, the remuneration for the miners will be halved and people are aware of it. In addition, there are riots in the world, which could boost bitcoin again. We, therefore, perceive long-term progress positively.
May the crypto be with you!
Will it continue to grow until halving? Despite strong resistance, bitcoin has been growing steadily for the last few days. Today we'll present a long-term overview of what's next. Halving is happening on 11.05.2020 and as we can see on the graph, bitcoin can grow well when he wants to.
At the moment, we are above the MA200 on the daily graph and everything indicates that we will continue to grow. Way back, we've also overcome a declining trend line, which is another sign of trend reversal.
Altcoins are also very positive and even grow faster than bitcoin. The mood is turning positive and a number of youtubers and crypto experts from around the world say that we will only continue to grow until halving, as the graph suggests.
From 26.6.2019 to 18.12.2019 we were basically just in decline and therefore a smaller increase would be absolutely fine. Plus, halving is really around the corner, and we don't see any real reason why would people and crypto enthusiasts sell bitcoin before halving. From 11.05.2020, the remuneration for the miners will be halved and people are aware of it. In addition, there are riots in the world, which could boost bitcoin again. We, therefore, perceive long-term progress positively.
May the crypto be with you!
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.