Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: rasangaya on May 25, 2020, 02:40:01 PM
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Why this pundit expects November to be huge for Bitcoin, projects price at over $20k
(https://i.imgur.com/6D7Mfkr.jpg)
The short-term for Bitcoin is looking quite bearish as bulls have lost the $9,000 level and the daily ascending channel. Bitcoin is currently trading at $8,764 as bulls keep losing strength. Not everything is lost for them but it’s clear the short-term is shifting in favor of the bears.
The daily chart can still be considered to be in an equilibrium pattern with the last low at $8,117. If the bulls can hold this level and set a higher low, they can still easily turn the tables around. For now, Bitcoin is looking at $8,700 and $8,500 in the next few hours if the bearish pressure continues.
Check here: Visit (https://zycrypto.com/why-this-pundit-expects-november-to-be-huge-for-bitcoin-projects-price-at-over-20k/)
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This forecast is almost looking like the bull run of 2017, but it is a great confidence for the entire crypto space. The bull run of 2017 started from November to January 2018, and I think this may be another good forecast for Bitcoin in 2020 to hit $20k or above.
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Everyone seems to expect a big bull run by the end of the year and I hope they are right.
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Investors who choose to save large amounts of Bitcoin want to achieve new ATH Bitcoin for them to trade, at this time the price of bitcoin is on a downward trend, maybe this is because there are some traders who sell Bitcoin for unexpected needs due to the current economic situation which is not stable.
most likely the price will rise to $9000 will be very fast because there are still whales who want low prices and immediately buy it in large quantities
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Many experts believe that at the end of this year, Bitcoin will exceed $ 20k in price. And it pleases that a lot of people say that. I also think so and really want it to be so.
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When the prizes from the miners are reduced this month, I think the miners will immediately sell their Bitcoin at a high price.
I don't see a technical opinion that can raise the price of Bitcoin in November from the crypto experts in the article, but if we look at the history of Halving Bitcoin in 2016, the price of Bitcoin will rise quickly in 2017. Hopefully, this can be repeated again and we can see Bitcoin price increases above $10k
(https://www.bitcoin2040.com/wp-content/uploads/2017/09/BTC-price-history.jpg)
source of bitcoin price charts https://www.bitcoin2040.com/bitcoin-price-history/
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Many experts believe that at the end of this year, Bitcoin will exceed $ 20k in price. And it pleases that a lot of people say that. I also think so and really want it to be so.
I hope for that too but we'll just have to wait and see.
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The price of bitcoin may even exceed its previous record of $ 20,000 by the end of this year if, along with the expectation of the effect of dividing in half, there will also be a global economic crisis. Then the demand for bitcoin and other decentralized cryptocurrencies should increase sharply, as people will look for ways to protect their savings from inflation.