In the last few months, raises the price of a bitcoin is mostly right. But have a look at the development of the share price over the year, you can see it’s still progressing. More and more analysts are also optimistic about the future. We are going to have the same of bull run, and in 2017 to meet?
Bitcoin exchange rate in all the quarters of this year, up
No, it is a bull run and has nothing to do with the running of the bulls in Pamplona, to do. It simply means a period of time to which the exchange rate is structurally increasing. Skew gives the computer the derivatives, and to publish a regular analysis of the cryptocurrency exchange rates. According to the skew is that the price of bitcoin this year so far, each quarter has increased. That makes you think in 2017, when there won’t be a negative:
Bitcoin has been up each quarter this year – could we get a similar vintage to 2017? pic.twitter.com/b1LJyA1Khk
— skew (@skew_markets September 6, 2019
Especially in the second quarter of 2019 and will jump out of sight. With the increase of 161,5 percent in the second quarter, and the highest Return on Investment (ROI) at the end of 2017. The old days, so to say …
Bitcoin exchange rate now makes you think in 2015 and 2016
Analysts love to see repeating patterns. The results of the past performance, of course, no guarantees for the future, but still handles to provide. The price of bitcoin moves in cycles.
All Brush regularly, the price movements of bitcoin, and to put his findings on Twitter. Brush sees a lot of similarities with the bitcoin price in the year 2019, and in the course of 2015 and 2016:
This is the current structure reminds me of 2015/2016, when Bitcoin is this a 2.5 x from the bottom, followed by 6 months of sideways
Then, out of nowhere, an almost 2x in price as Bitcoin slowly trended up and to new highs
One thing is for sure, I don’t want to see that $9k to support the break pic.twitter.com/4JnYFAtLvT
— Josh Rager 📈 (@Josh_Rager September 6, 2019
In August 2015, a jump in the price of bitcoin soared. That is enough to make him think, at the end of december of 2018 and may of 2019 at the latest. As it grew, the value of a bitcoin is also extremely fast.
During the first few months of 2016, and it was moving in the direction mostly right. Brush is expected that the bitcoin exchange rate now for a number of months, and the side starts to move. He predicts, therefore, no major price changes in the months ahead.
After that, the rate of sideways has gone on that makes the value of the bitcoin is yet to have a blowout. At least with bitcoin it is a pattern of 2015 and 2016 will continue to follow. Brush think we’ll make that leap in the beginning of 2020 for the future.
That period is no accident, then it is that the bitcoin block halving took place. This means that for every ten minutes of less, bitcoin is released to the market. The price of a bitcoin is a game of supply and demand, and a reduction in new supply, the price will rise.
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