Crypto-Follow logo Crypto-Follow logo
Seeking Alpha 2019-12-19 18:24:47

Bitcoin's Inflection Point Has Arrived

Bitcoin is down by over 50% from its summer's highs and is now hanging around a critical support level of $6,500.The world's favorite digital asset appears to be losing its popularity for various reasons.It's not just Bitcoin, most of the popular digital assets are down by 60% or more from their summer highs as well.However, this is likely a temporary phenomenon, and Bitcoin's price could be nearing a reversal point as we are still in the midst of a bull market wave higher.Bitcoin is likely to appreciate substantially over the next 2-5 years and could reach a price of roughly $50K-$100K as its next wave tops out.

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer