While all are busy looking at the Bitcoin all-time highs, drawing annual lows a richer picture: Since Bitcoins introduction a decade ago the lows were every year over the previous year.
The only exception to 2015, as the asset lock value 15 $ year-on-year. In a few years has doubled Bitcoins-year low towards the previous low, more than.
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For example, the Deep-2018 3.200 $ – equivalent to more than four times the previous year’s low value of 780 $.
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HODLer still have the control
The higher lows each year shows that HODLer to give up. You have to collect every drop of more Bitcoin – and the number of new investors continues to grow.
The HODLer back, get slowly the control of small investors, who want to manipulate the market and a quick profit. About crypto-critic Peter Schiff (@Peter Schiff) writes on Twitter.
Bitcoin pump & dumpers are losing their mojo. They managed to pump the price by $550 in one minute, a 7.5% spike. Yet the dump reversed the entire pump with an 8% drop in just 7.5 hours. If #Bitcoin pumpers can no longer sucker in new buyers, the game is over. Look out below!— Peter Schiff (@Peter Schiff) December 4, 2019
The ship, according to the relevance of the “Bitcoin Pump & Dumpers can’t”, because they were able to attract new buyers. After Bitcoin had pumped 550 $ in just a Minute, dropped the Asset after a few hours again to its previous level.
Even small investors have become smarter and refuse to trade in the short term for quick Gain. Instead, all want to see where the price goes.
What’s next for Bitcoin?
Each year, Bitcoins lows are higher. In fact, they have doubled in the last few years more than.
However, this was years of Deep-very close to the previous year. Even Bitcoin this year was relatively quiet. Many assume, however, that all of this will change.
This year was quiet – and that is precisely why many analysts are of the view that the world’s first crypto-currency is soon to explode. The Deep in the next year could be twice as high as this year – about 7,500 $.
The Bitcoin halving in may 2020 could trigger a massive bull run. In the meantime, these lows are a good benchmark for traders.