In the past few months seem to be a little boring. The price of bitcoin seems to be getting the same margin to move around, between, less than 8500 euros, and 11.300 euros. But zoom your price chart from? Then, there is something special on it.
Misir Mahmudov is an author and a senior analyst at the Request of Capital. This is an organization that funds in the cryptocurrency to offer. it is Mahmudov at the monthly bottoms are getting higher and higher (all right), with the exception of February):
Bitcoin 2019 *monthly lows* show how strong this bull will be
Jan – mar – $3,401
Feb- $3,399
Mar- $3,734
– Apr – – $4,097
May- $5,348
June- $7,583
July- $9,163
August- $9,321
This isn’t a few months of 2017, in the gamble game anymore
This is not a store of value-in-the-making
This is just the beginning
— Misir Mahmudov (@misir_mahmudov September 3, 2019
However, in the current market, it is not to be compared with that of 2017. In that year, according to Mahmudov away from the beach. In the last month of 2017 went on the fast track. From 25 november 2017 until december 17, 2017 and increased the price of 7000 euro for 16.500€.
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When in doubt, zoom out!!!
A glance at the figures speak may not be entirely up to the imagination. In the image below, you the claims made by Mahmudov is processed in a price chart.
Every candle on the chart represents a month. A green candle is an increase, a red candle a drop. And even though the race is in July and August is dropped, the bottoms are still a bit higher now.
The jumps will be less than before. Especially in april, may, and June, and the bottom of the bitcoin price I
The more people who are positive
The prices are on the rise, and this is a crypto Twitter is positive. Also, Charlie Shrem, does have a role to play in the pocket. He has been an investor since the very first day, and is a co-founder of the Bitcoin Foundation:
Do you remember the in-between period, when #bitcoin went from $1,000 to $20,000 ?
So, what makes you think you’ll remember, when it goes from $10,000 to $100,000 ?
— Charlie Shrem (@CharlieShrem September 3, 2019
He has to ask: who can remember the period of time that bitcoin is in a run-up from $ 1,000 to $ 20,000? And what does it feel like bitcoin will increase to $ 100,000? Since we’re in the midst of this preparation, there is yet to be seen.
Incidentally, don’t take anyone Shrem, more seriously, if he’s bullish tweets are loading. This is because, as he publicly, in that, as the following tweet:
May of 2018 will be the last time we will ever see, #bitcoin went to $10,000
— Charlie Shrem (@CharlieShrem) September 3, 2018
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