BITCOIN UPCOMING BULLISH SENTIMENT

in #cryptocurrency6 years ago (edited)

WHY BITCOIN WILL BOOM IN FEW MONTHS ?

As we all have witnessed that bitcoin sky rocketed in December 2017, it is now at its all time low after that huge spike in price action. current situation is indicating that bitcoin will be once again boom upto that price level.but people are now-a-days going through the phase of disbelief and anger, everyone of us believed that it will reach upto 50000 $ or even 100k usd. but we were failed by big whales. bitcoin started falling after CBOE & CME entered the market. which made a lot of price manipulation in price action of bitcoin. this reason will no longer exist because CBOE & CME futures contract will expire in upcoming days . plus big institutional investors will enter the market with huge investments.
mt.gox selling affected bitcoin price whenever it tried to break any higher resistance level but that reason will also no longer exist untill mid june 2019. mt.gox have been banned from selling huge bulk of bitcoins. as it always manipulated a bitcoin price a lot. now institutional investors and retail investors will control price action of bitcoin which is good for its future. these positive news confirms bitcoin bullish sentiment in upcoming future.BULLISH SENTIMENT.png

TRIPPLE BOTTOM CONFIRMATION
If anyone follows bitcoin chart he will be easily able to understand that we may have reached the bottom. because bitcoin is forming tripple bottom formation. I know some will argue that we fall below 6k but we are still in the zone of tripple bottom. The only thing that matters is we need more volume to come in and it will be possible only by institutional investorrs. so we can assume that it is also a good chance to enter the market at 70% discount for institutional investors. CBOE and CME will not trade bitcoin if its market capitalization falls below 100 billion usd. which I think is better for its fututre. because there will be no price manipulation. we can see we had formed two bottoms before in the picture below. and we are forming third bottom at this moment. it may be the bottom for big investors to come in. and if big investors will come in then these could be the possible targets for upcoming months or till the year end.BITCOIN TRIPPLE BOTTOM.png
If you doubt my analysis then there is a point you should consider for its price action, that bitcoin price cannot go below mining cost, and if it does... then miners will shutdown their mining process. them same formulae will apply here in the crypto market" less supply and more demand", because miners will no more mine bitcoins as it will cost them more from their benefits. that is why we are near the bottom and it will explode infew months....

Here is an example of price action if tripple bottom formed.triple_bottom[1].jpg

Always remember in the crypto market ther will be manipulations and sentiments going on, sometimes good sometimes bad, but if you bileve in this new asset classs then my advice to you is for long term hold. because any fortune maker you see today have made their fortune in long term hodling...

I hope you will keep your faith in this new amazing revolutionary technology and made your strategy accordingly for your future....

thank you

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not soon
there may be a bull trap

I think that is right

Yes @bibekchandra I agree with you on bitcoin bullish sentiment..Because CNBC also discussing about bitcoin bottom is near.. they told that maximum dip may go to the price level of 5350 USD. But whatever may the price action as per your kind advice I will hold this in longer term for atleast up to 2022... I like your analysis.. it's based on facts and figures. Institutional investors will enter the market. And this time the interest level will double than December 2017 as per experts survey... Thank you for a great post @bibekchandra....Keep it up

@bibekchandra Yes, bro ... Bitcoin will reach its top again very soon.

The way you made the triple bottom and it's wonderful...And I also believe that bitcoin will grow very quickly...

hey @bibekchandra this is a very exciting post ............ I like this analysis and will follow your prediction.....

hey @bibekchandra this is a very exciting post ............ I like this analysis and will follow your prediction.....

bibekchandra

sir are you sure bitcoin boom 50000$ ?
it is not possible

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@bibekchandra as per this it touch 3 bottom and also break it support level. So you think that now bitcoin go into bull run ? What we have to do? Buy ALT coin?

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