When Fear Dominates the Market, You Should Be Calm Soon, Bitcoin Towards $100,000
Analysis of the Pattern Shown in the Image:
Shape:
The pattern shown in the image indicates a recurring upward trend, consisting of a series of higher highs and higher lows. This pattern is generally known as the "Continuous Uptrend" or "Bullish Trend" pattern.
Interpretation:
Higher Highs: Each new high is higher than the previous one, indicating strong buying momentum and increased demand for the asset.
Higher Lows: Each new low is higher than the previous low, confirming the continuation of the upward trend with minimal selling pressure.
Volume: This pattern is often associated with an increase in trading volume, especially during upward movements, which strengthens the trend.
Specific Numbers in the Image:
Circle 1 (1): Represents the beginning of the uptrend, where the first peak and first trough of the pattern occur.
Circle 2 (2): Represents the continuation of the pattern, where the second peak is higher than the first, and the second trough is higher than the first.
Why Can This Pattern Repeat?
Increased Confidence: Investors currently see that assets are yielding good returns, which has encouraged them to invest more, driving prices higher.
Late Entrants: The late entry of new investors causes an increase in demand, supporting the continuation of the upward trend.
Positive News: Positive news currently regarding Bitcoin or the market in general has led to increased demand, driving prices higher. This includes Trump’s victory in the U.S. elections, the increased investment by major financial institutions in this asset, or billionaires announcing that they are increasing their investments in the leading digital currency
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Bitcoin on the Verge of $100,000: Reaching This Price Is Just a Matter of Time
Based on historical analysis of Bitcoin's price action following each "halving," analysts believe that reaching $100,000 is only a matter of time. After each halving event, Bitcoin has consistently shown substantial price growth due to increased scarcity and demand dynamics, pushing its value to new highs. For instance, after the halvings in 2012 and 2016, it took only a few months for Bitcoin to reach significant record prices. The 2020 halving led to a peak of approximately $68,789 in November
2009: At its launch by Satoshi Nakamoto, Bitcoin had almost no value and ended the year without any significant market value. 2010: Bitcoin started attracting early adopters, reaching around $0.30 by the end of the year, an increase of approximately 37,400%. 2011: It rose from $0.30 to $6.00 by year-end, marking a 1,900% increase. 2012: Bitcoin grew from $6.00 to $13.50 by year-end, about a 125% rise. 2013: Prices climbed from $13.50 to $800, peaking at $1,100 during the year, a 5,829% increase.
If you don't seize the available opportunities in the world of Bitcoin and cryptocurrencies today, and at least make thousands or even millions, you might deeply regret it once the chance is gone. The digital currency market is rapidly evolving, and every day brings new opportunities for substantial profits. Now could be your moment, but tomorrow, it might be too late. So take advantage of the time and become part of this digital financial revolution.
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Ryuchi tells you now to get ready – Bitcoin has taken off, just as I predicted. My forecast for the next few years is that we will reach $1.5 million per Bitcoin.
Just like no one believed that Bitcoin would ever surpass $1, $100, $1,000, or $10,000, today we are approaching $100,000. And in the coming years, we will be talking about a 1 000 000$ or more.
I said it before, this digital currency will surpass gold and any other currency, and it will soon reach $100,000. In the coming years, don't be surprised if it reaches $1.5 million. My grandfather was right, no one can control it or predict its prices. Neither analyses nor news, nor major institutions can change that. Remember the words of Satoshi Nakamoto's grandson, don’t be surprised if it reaches $1.5 million or more. The real gold is yet to come!
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