Bitcoin price could reach the new high of 20,000 in 2019

in #blockchain5 years ago

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Analysis of the price of this week's bitcoin.

This week the price of bitcoin has had a bit of movements, likewise the gold market is also moved. I think it's time to start thinking about investing in BTC because I think we will continue to rise and this uptrend will continue in a positive way to get a good profit, because we are struggling with a resistance in the 12 thousand dollars which is very important and we can reach 13 thousand or 14 thousand approximately because the market is entering a phase of consolidation without volume, if it can break the resistance we would see that movement above 12 thousand dollars so we have to be rational.


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At this moment we have 17.801.087 btc in circulation this means that there are 3.200.000 btc left to emit the price of the btc is debela in the way that interacts supply and demand, according to the multiple of Mayer touched the line of 2.4 made a rejection, this means that we analyzed the historical of this indicator we found that before the maximum of 2017 of 20,000 dollars tested this indicator on two occasions we hope that this time is only a single test and goes to the good highs that we expect so much.


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Thank you for reading and supporting me.

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