Bitcoin prospects in 2019

February 4, 2019

Sanctions, trade wars, threats of real wars for raw materials - all this made us forget for a while about the cryptocurrency market. For a long time, invitations to the next cryptoconference have not been heard from each iron, even crypto-pans have turned mining farms.

Meanwhile, the brightest cryptocurrency - bitcoin, at the end of January tried to test the resistance of its most long-term downtrend trend in December 2017 (about 3,500). Some more interesting news from other markets will slightly release traders, and on this topic we can see another crypto-hysteria and attempts at furious currency growth.

Should the technical picture that has developed now be used for enrichment? Yes, if you are an experienced speculator in the crypt market and know how to collect such tantrums, you are not afraid of increased volatility, but on the contrary, you love bitcoin for it.

It’s too early to wait for the steady growth of Bitcoin, which even a beginner can muster, to dream of new historical highs! In addition to this downward trend, the currency has hidden trends in February and April 2018 (about 5,500). And also bitcoin for more than three months remains true to the scenario, which asked him the "descending triangle" of January-November 2018. Even if only the base of the “triangle” is postponed from the breakdown point of its support, then the targets are obtained below zero.

Its end? Bitcoin will die soon? No, there is still hope for life. But the schedule does not promise that it will be dolce vita ...

The most long-term trend on the BTCUSD pair is the upward trend of 2016 (about $ 2,000). He is stronger than the "triangle" figure. But there are reasons to think - for those who work in this currency! And in general, those who are concerned about the fate of the cryptographic market.

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