This year for the Bitcoin price will certainly more fertile than in 2018. However, BTC has shown no signs that this will return to an all-time high. The view of the low levels can give an indication of how big the next bull run could be and also shows the continuous growth in 2019.
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Bitcoin as a Safe-Haven in the Making
In the year 2018 Bitcoin from a peak of 17,700 $ (year 2018), fell to a low of 3200 $, which represents a decline of 82 percent. Beautiful Scheixxx… In the year 2019, the previous Trend with an increase of 270 percent from the low was at $ 3,700 a a record of 13,800 $ returned. To be the current prices, noted that Bitcoin is still 47 percent below its ATH (All Time High) and thus still a long way ahead.
It is noteworthy, however, that the climbs are comparatively increased slowly and continuously, which is rather a note on accumulation than on FOMO. In comparison, Bitcoin in 2017, increased by $ 6,000 to $ 20,000 in about six weeks, and lost in January of 2018, the bulk of its value. Analyst Misir Mahmudov has thrown a glance on the month lows of 2019, which have risen in the last six months continuously.
“Bitcoin 2019 *month lowest values* show how strong this bull is gonna be…This is a memory that is under construction. This is only the beginning“
Bitcoin 2019 *monthly lows* show how strong this bull will be
Jan- $3,401
Feb- $3,399
Mar- $3,734
Apr- $4,097
May- $5,348
Jun- $7,583
Jul- $9,163
Aug- $9,321
This isn’t a few months of 2017 gamble mania anymore
This is a store of value in the making
This is just the beginning
— Misir Mahmudov (@misir_mahmudov) 3. September 2019
The Bitcoin markets are in a consolidation Phase, which now stands at around US $ 10,000. This is for more than two months of the case, pointing out that it could be the new ground or a major Support Zone. There was no massive Dump of about 80 percent, and the current correction remains around 30 per cent to the level of previous years.
Bitcoin exchange rate of $50,000 in sight
The well-known Analyst PlanB has developed an interesting theory he believed that the Bitcoin price could rise after the next Halvening in the direction of 50,000 US dollars. He based his analysis on the Stock-to-Flow model. His model is based on the monthly SF and the value of Bitcoin, from December 2009 to August 2019. He also refers to the actual number of Bitcoin blocks, because not all of the 10 minutes will create a new Block. His analysis confirmed that the relationship between SF and the market value is not caused by chance.
What is very interesting is that Gold and silver, which are completely different markets, be consistent with the Bitcoin-model values for the SF. This gives additional confidence in the model. Note that at the peak of the bull market in December 2017 Bitcoin SF-22 and the Bitcoin market value was 230 billion$, very close to silver.
#Bitcoin Bull Markets start at Difficulty ATL .. Enter the Green Zone! pic.twitter.com/XcH4uVfw48
— PlanB (@100trillionUSD) 3. September 2019
The predicted market value for Bitcoin after halving in may 2020 1 trillion dollars, which corresponds to a Bitcoin price of $ 55,000. This is pretty spectacular. I guess time will tell and we will know probably one or two years after the halving, 2020, or 2021,.
The next halving is in may 2020. The current SF 25 will double to 50, very close to Gold (SF 62).
Bitcoin is the first limited set of digital object that the world has ever seen, it is as rare as silver and Gold, and can be sent over the Internet. This digital scarcity certainly has a much higher value than the current price suggests. Clearly there is a value at the Moment of $ 50,000 hard to imagine, but a few years ago nobody had thought that the Bitcoin price could rise in the direction of $10,000.