James Merten, also known as DataDash believe that the bitcoin price is ready to take the next big step up.
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In the short term, to 9,000 dollars
In the new episode, watch the famous YouTuber, the weekly chart of the bitcoin-dollar pair of important trend lines to mark it and to get an idea of where the price is likely in the short term it is going to go.
Merten is expected that bitcoin is a positive move and the trend is in the direction of 9000 dollars may be given for the course, and a giant wedge of remains dating from the second half of 2017.
But DataDash points out that, although not typical, the volatility of bitcoin once and for all.
It is likely that, if we have the halveringsevenement coming in, and the volatility is increasing. This is an important point to keep in mind. However, I think this trend will continue, and it will have the momentum to pick up as we are in the halving event’s start. Most likely, we will go in the direction of 9000 u.s. dollars.
After the halving, again to return
Merten believes that there is a run coming in the direction of the block halving. He expects that bitcoin is just following the halving of a portion of the generated profit is returned. But, generally speaking, bitcoin is on an upward trend.
It will be a very exciting time, and after that, I think, is that we can go back to where we are right now at around $ 7,000. I think that is what we will have to come back to it, a higher low to be set this weerstandslijn to re-test and to report is that the price of higher levels is is able to. That’s the most important thing we are looking for. This, of course, in the course of a few months.
He knows dondersgoed that not everything can be predicted. Merten then please show some restraint, as there is in the world-wide economic climate, a lot can be done. In spite of this disclaimer, it looks at the historical logarithmic growth rate, low points, and the strong resistance in the bitcoin price. These indicators will have to convince him that bitcoin is in a new cycle, one that will end when bitcoin is $ 100,000 in value.