Felix000
Education

Four months up in a row plus breakout - Where next?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Two plus points for bitcoin at the moment. First is that at this stage based on past performance it appears like stocks go down bitcoin stays level. If stocks rocket so does bitcoin . Win Win. Plus lots of hype about new entrants into the crypto market.

My belief - biggest threat to bitcoin future is in brand awareness, and adoption. The authorities will reward brand awareness and adoption. The authorities ultimately can control crypto liquidity and licensing. If the capitalization of brand awareness and adoption of a rival coin outgrows bitcoin you can be 100% sure that rival coin will target store of value next. For now crypto needs as much liquidity as possible to grow, and bitcoin the biggest brand name, and current bellwether of a whole new nascent industry appears too big to fail.
'Where next' is anywhere the trend will take it! Simple - but not easy - else everybody would be millionaires! 😁😃 Thanks again for your fine work.
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This is a great analysis. I agree with you. 10,000 usd levels around the target price.
+1 Reply
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