Bitcoin Price Charts Hint at the Most Exciting Breakout in Over a Year

[SRShanuka2020]

Bitcoin Price Charts Hint at the Most Exciting Breakout in Over a Year

The price of the top-ranked cryptocurrency by market capitalization, Bitcoin (BTC), is set to explode in the coming week providing the weekly candle opens above $9,200. This would signal the end of a 46-week descending channel that BTC/USD has been locked in since it nearly tapped $14,000 in the summer of 2019.

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[Fenix]

It seems that Bitcoin is not going to drop in price in the next few months after reducing the remuneration of miners by half, as many predicted, based on the experience of similar events in 2012 and 2016. Now the price of bitcoin, according to CoinMarketCap, is $ 9,858, which is not so far from ten thousand. Under these conditions, Bitcoin even began to grow in price, which indicates its good potential. Based on the fact that we are moving towards a global economic crisis, during which bitcoin should prove to be a reliable refuge from inflation, this year the cryptocurrency market expects very good growth.

[Andruha1993]

I also think that soon there will be a real breakthrough and Bitcoin will pleasantly surprise us. Because everything goes to this. But my guesses may be wrong.

[Alcor]

In the short term, everything can still be. However, the fact that Bitcoin did not fall in price immediately after halving the remuneration of miners testifies to its bullish mood. I’m not sure how it is now, however, over the course of a year, bitcoin should grow very much in price. I hope this will also have a positive effect on the price of our tokens.