Bitcoin chart prediction: TO THE MOON

in bitcoin •  12 days ago

This is a chart I've made on my long prediction of Bitcoin. It's primarily based on technical analysis such as price action, moving averages and trend lines. However, a lot of fundamental elements have been taken into consideration when making this prediction. The crypto currency industry has been unregulated for a long time causing a lot of skepticism, primarily among institutional investors. With mass awareness, regulations going through, ETF's approved, exchanges going live on Wall Street and institutions entering the industry a lot of this will be taken away. The vulnerability of the average investor will be minimized and the financial sector will gain the confidence to invest in crypto currencies in large amounts. In my opinion, this will be the perfect time to buy the bottoms and ignore the usual corrections that will always occur in financial instruments.

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