Cryptocurrency

Why the Halving could be the turning point and 87,000$ the next ATH will be

Welcome to our current Bitcoin exchange rate analysis. We zoom in a little and get out today, the infamous crystal ball under the table. With the help of this I want to try and the price history for the years 2020 and 2021 coarse to predict and me in order to a Bitcoin exchange rate forecast for the next 18 months to approach the car. In doing so, we will stumble, among other things, on the following questions:How deep is the Bitcoin rate will fall this year?When can we expect the beginning of the next Bullruns?How high is the next all-time will be high for the Bitcoin price?The answers to these questions and more can be found in this analysis. I wish you lots of fun!Please note: None of this articles listed is to Formulate in any way the trading recommendations. This and the following article are solely for the exchange of information with our readership. Neither crypto Monday nor the author of this text shall be liable for any loss incurred as a result of the trading decisions of our readers. DYOR!

2020 is for the Bitcoin exchange rate the turn?

From the looks of it, the Bitcoin price is currently in a large pennant formation. This extends from the middle of June 2017 up to the present day. By the General panic in the global markets of the Bitcoin exchange rate is at 12. March fell for a short Moment below the lower trend line, but was able to complete at the end of the same day about this. As the following Bitcoin Chart shows the pennant formation still in tact.I don’t think it is unreasonable that we are up to the Bitcoin Halving expected to be on 13. May 2020 with a slow decline to be observe. The Bitcoin could take the course just before and after the Event, the price level of approx. of 5,400 USD. Theoretically, we could even see a short-term crash to a level of 4,200 USD.Around the same time and the Hash Ribbons indicator should have provided a clear buy Signal and so the next Bullrun usher. Accordingly, we are currently still in the accumulation phase of the market.The first hurdle to take for the Bitcoin price, will be around 7.800 USD. After this obstacle was overcome, there could be a bullish breakout from the pennant formation.Towards the end of the year we could see perhaps the most distinctive of the resistance at almost 13,800 USD. The next Hype-wave is likely in the year 2021’t have to wait long.

Bitcoin price writes in 2021 a new ATH at around 80,000 USD

The year 2021 is likely to be especially interesting for us. At least if the Bitcoin exchange rate continues to follow old Patterns. In order to determine the new all-time high (ATH), I prefer, as usual, the Yope Channel to help who has captured since 2011, the UPS and Downs of the price development very accurately.As we can see, has followed the Bitcoin exchange rate within this Channel again and again the same Patterns. This should also remain so in the future, then the Bitcoin exchange rate in 2021 is expected to write between the months of may and November, a new all-time high, somewhere between us $ 72,000 and 87,000 USD.These were nice prospects for the coming year. Personally, I don’t think it is outlandish. In particular, in view of the fact that we measure here the Bitcoin price in US dollars. The current excessive Printing of money will catch up with the US Dollar, at the latest, in the next year. As a result, he will lose massive purchasing power. Therefore, a Bitcoin exchange rate to around 80,000 USD for 2021 is, in my eyes, anything other than absurd. As always DYOR but:!

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About the author

Eve Manning

Eve Manning

A native Texan, Eve first started out as a Finance Analyst and later realized that her true passion was not in trading but in writing. She leverages her experience in the Finance industry to analyse and write in-depth news articles covering the Cryptocurrencies, Economy & Finance industries.

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