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Bitcoin Price $425,000 Per Bitcoin - If It Follows Past Post-Halving Rallies

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We are on track for a huge increase of the bitcoin price. In the meantime you should be getting inv
 
September 9 · Issue #128 · View online
The Best Crypto Trading Strategies
We are on track for a huge increase of the bitcoin price. In the meantime you should be getting involved. Recently, Rekt Capital (@rektcapital) posted a provocative Tweet recently which has been getting a fair amount of buzz. He lays out theories that if Bitcoin follows its other post-halving rallies, it could grow somewhere between 12,000% and 13,378% over the next few years.
Everyone is talking about the next Bitcoin halving in May 2020 as if a major run-up will precede it. Though, if we base our predictions on previous halving events, we find that Bitcoin’s parabolic rises seem to always happen after the halving. In fact, each period between each halving has seen Bitcoin explosively rise.
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Bitcoin Price Trends - September 9th 2019
Bitcoin Price: Trends and Highlights for September 9
  • BTC/USD is trading inside a descending triangle.
  • There is support at $10,275 and $10,000.
  • The price has shown signs of weakness.
  • It is trading below the 100- and 200-hour moving averages.
Signs Of Weakness
A look at the daily chart shows that BTC has been trading inside a descending triangle since June 26.
Short-Term Support
Going back to the short-term movement, we can see two significant support areas that are found at :
  • $10,275
  • $10,000
The $10,000 support area also coincides with the 0.618 fib level, making it a very suitable level for the initiation of a reversal.
At the time of writing, BTC $0.00 was inside the first support area at $10,275.
Previously, it has reached it three times, creating a long lower wick and moving upward each time.
Bitcoin Price Summary
The Bitcoin price is trading inside a long-term descending triangle.
It is currently inside a minor support area.
According to our analysis, it is likely to break down and reach the second support area at $10,000.
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