Under Bitcoinern there is the saying “honey badger don’t care”, to “the honey badger don’t care”. This should describe the current market situation quite aptly. Because despite, or perhaps precisely because of the competition from Facebook Bitcoin continues the way he has in April 2019, stated: He is on the rise. But where the journey goes?
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21. June 2019BTC$9.780,00 4.83%part Facebook Twitter LinkedIn xing mail
The price of Bitcoin recorded to the hour, nearly 9.700 dollars. The psychologically important mark of $ 10,000 is so close. However, not only BTC performs these days is above average. The entire market capitalization of the crypto-market has today, Friday, the 21. In June, the milestone of 300 billion dollars will happen. The last time was almost exactly a year ago, the case. And we still see the $ 10,000?
If we have learned from the past bull markets, it is expected that with Bitcoin always is. While Fear, Uncertainty and Doubt (FUD) can provide in bear markets for real price drops, behaves in Bitcoin during the Bull Run, compared to the news almost ignorant. Therefore, the latest rate can be gains even with individual messages from the Bitcoin Space to justify. Only Facebook’s announcement of Project Libra could be here as a positive message to the field lead.
The market Sentiment, however, seems more positive than ever, therefore, the price rises. Market observers agree, Bitcoin is as strong as ever.
4/ In a bear market, good news does not matter. Every rally is sold off and hopes are pitilessly crushed. The bull is the opposite. Bad news no longer matters and every dip is met with eager buyers who are looking for suitable entry points into #Bitcoin.
— Vijay Boyapati (@real_vijay) June 20, 2019
4/ In the bear market is good news not matter. Each of the [Negative] rally will be sold off and hopes to be relentlessly crushed. In the bull market it is the opposite. Bad news are no longer important and that every Dip will be bought by buyers who are looking for suitable entry points, up.
Vijay Boyapati
Lessons from the last Bitcoin bull market
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The crypto-currency no 1 dated 28. November 2017 cracked for the first time, the 10,000 US dollars. After that, it took only about two weeks until Bitcoin all-time high of nearly US $ 20,000 was reached. Bitcoins parabolic Run-ups can happen at any time.
marked During the December 2017 is the end of a two-year bull market, we are currently just at the beginning. Institutionalized financial products to conquer the markets, Facebook is legitimizing digital currencies, and also in the media landscape, it is reported that, increasingly, reflects on the crypto-Space. “This Time everything has become different,” therefore, rebuke to the Meme.
Also on the technical side, you can take confidently a bullish Position. As our Chief Analyst, Dr. Philipp Giese reveals, the next price target at over 11,000 U.S. dollars:
The price of Bitcoin could strengthen its Position further, and the former high for the year of the end of may now, a sustained rise. A rising MACD, a rising RSI and a high Aroon Up indicator talk overall, the bullish language. After the Resistance at to 9,948 US Rise above dollars, you can cart a Long Position at which the first Target is 11.417 US Dollar. As a Stop Loss the 9.165 US dollars on offer.
Dr. Philipp Giese, Chief Analyst at BTC-ECHO
Altcoins drag with
Bitcoin is and remains the driving force of the crypto-market. As you can see, on the basis of Ethereum, however, have Altcoins have the potential to beat the king of Bitcoins Performance in the short term. Thus, the second-largest crypto currency by market capitalization within the last 24 hours to 5.6 percent. In the case of BTC only” 3.9 percent growth in it “.
Disclaimer: The above content is for Information purposes only and does not constitute investment advice or a solicitation to buy or sell crypto currencies, or other related financial market instruments.
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