There are many factors why people tend to buy Bitcoin when they do.
Some may use technical analysis, a few may use fundamental news, or even just buy when the prices goes up... regardless on how they do it, they all want to get that "edge" when the best time to purchase Bitcoin.
One of the tools that I use to determine the right time to buy Bitcoin is by using Technical Analysis. Some may say it's all mumbo jumbo... regardless if it works or not, it's at least a strategy to use while most people just guess.
So here is it, another Bitcoin Price projection from your boy STACKIN'. Before I get started, this is just a "prediction" that can happen. ๐คทโโ๏ธ
Knowing Bitcoin, It can go anywhere from here. ๐
It seems to me that Bitcoin wants to correct to $6800-$7200 in the month of October. Will this happen, I'm not sure but with the chart above, it has a good chance in doing so.
We can see a huge bounce from the $7000 mark, preparing itself for the next Bitcoin "Halvening" that will happen in May 2020. ๐ ๐
However, if it break down under $7k, we may even see Bitcoin hit around the $5000 mark. ๐จ
I'm not here to scare you all... I'm very Bullish on Bitcoin in 5 years, and yes... I believe Bitcoin will be around $30k - $100k in 5 years. ๐ค
Will my prediction come true? Who the hell knows and only time will tell.
Shit, Bitcoin can shoot up to 10k from here but I highly doubt it right now. The volume is currently very low and it seems that there isn't "new money" coming into the market.
Also with the lack of people interested in Bitcoin right now; we can see a flush out like we did in late 2017 until the next rise up. (The chart look very similar right now).
Like I always said in the past, this isn't financial advice and if you lose your ass off, don't blame me! ๐ ๐
All I know is this.... Just Keep On STACKIN! ๐ Charles FuchsWant To Trade Bitcoin with 100X Leverage? Create Your Free Bybit Account Here in 30 seconds and claim your $60 Welcome Bonus!
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