Bitcoin Still On Course On Being Bullish Some Catalyst Has To Influence This Move
Well amidst the uncertainty around the Powell’s meeting tomorrow with the senate, there are still some optimism that the flagship cryptocurrency will regain all time high this year. The crypto analyst who was known to has accurately predicted the the crypto crash which happened couple of years ago is still optimistic about the king crypto of making a significant come back.
In he’s tweet thread which he highlighted some factors that will possibly make this happen, which he said;
A move to push previous BTC all-time highs this year is perfectly feasible:
– less steep rate of appreciation
– plenty of time, equal to the decline
– only midway on the logarithmic growth curve channel
– 25% of the way there already.
The analyst which made used of the LGC to accurately identify the part that the bitcoin which he says that we are still pretty into the buy in zone, Perhaps a positive to see BTC price in the LGC buy zone for a lengthy period. The ‘easy’ money will be had by those who build a position [if not already long], rather than those who try to trade the short-term volatility of course, this involves time… and of course involves the LGC model, which if held should always be hedged.
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