Re: Bitcoin 2017 - 2020. Better price not yet to come. Be careful
With the current stats it does look like bitcoin will trade sweet at 20K in the coming days.
The 45 days window is perfect for it to achieve that much trading volume. With the holidays up-ahead many people do trade bitcoin for fun, for investments and part time stuff. This makes it more easier for bitcoin to go upwards and hold the ATH position.
From your graph itself we can make a match the current path is perfect one to reach 19-20k USD rates.
We have the same view that bull run will come to Bitcoin price but I think Bitcoin's price will soon break Bitcoin's ATH threshold of 2017 in the coming days. At the $ 19k5 - $ 20k price zone there will certainly be a lot of people selling Bitcoin and making a correction, but I believe the bulls will be outnumbered and strong enough to break this top.The 45 days window is perfect for it to achieve that much trading volume. With the holidays up-ahead many people do trade bitcoin for fun, for investments and part time stuff. This makes it more easier for bitcoin to go upwards and hold the ATH position.
From your graph itself we can make a match the current path is perfect one to reach 19-20k USD rates.
Bitcoin's price in 2020 will be able to trade as high as $ 22k - $ 23k and then there will be a sell-off in Q1 of 2021. The reason I make this seemingly quite difficult to achieve is that the US dollar is under threat from the impending inflation. When Biden is officially elected, surely the economy will suffer heavy losses because Biden's policy is only aimed at serving the people, not completely focusing on the economy. Most likely we will face an economic slowdown in the coming years