![17.07.20 [Přehled trhu+BTC] When will $ 50,000 be for Bitcoin? Well, don’t be silly!](https://i0.wp.com/www.world-today-news.com/wp-content/uploads/2020/07/the-company-3338207_960_720.jpg?fit=960%2C599&ssl=1 "17.07.20 [Přehled trhu+BTC] When will $ 50,000 be for Bitcoin? Well, don’t be silly!")
Why is $ 10,000 key? Why is achieving ATH possible big bullshit soon? Many ask where is the growth of BTC, or where is the decline in BTC and so on. More for newcomers who write to us when BTC will be at $ 50,000 or $ 100,000 and so on.
Yesterday, we reached a marketcap value of $ 267 billion ($ 5 billion / 24 hours). This week we are recording a low of USD 267 billion and a high of USD 275 billion. At Bitcoin, we have a low at $ 9,090 over the same period. We are currently worth $ 9,103 for one BTC coin. Bitcoin dominance is declining (1D.) And is now at 62.3 percent.
Previous market overview: 16.07.20 [Přehled trhu+ETH] Ethereum critic – first criticized him, now he buys
Selected coins from the top capitalization for yesterday:
Bitcoin (BTC) $9 103,12 USD (-1,22%)
The best growth from the top 100 marketcap yesterday was recorded by:
Flexacoin (FXC) $0,004416 USD (33,11%)
iExec RLC (RLC) $1,12 USD (8,07%)
Reserve Rights (RSR) $0,009109 USD (7,65%)
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Evaluation of the situation on the world market
For yesterday:
SP500: 0,91 %. NASDAQ: 0,11 %. GOLD: -0,28 %. DOW J.: 0,85 %
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[BTC/USD] In 2020 to present value: 30%
Why is $ 10,000 key? Why is achieving ATH possible big bullshit soon? More for newcomers who write to us when BTC will be at $ 50,000 or $ 100,000 and so on.
Many ask where is the growth of BTC, or where is the decline in BTC and so on. First of all, it is necessary to understand that movements of either upwards of 2000-4000 USD or movements down by 3000 USD are not seen during the day. It is a longer cycle of preparation and subsequently such a large movement will take place within a few days. As I’ve written in other TAs, there’s a good chance of a big drop to $ 7,700. Following the example of previous triangles and the trend of the resist line, it seems that if investors do not break $ 10,000, then unfortunately there should be a huge drop in the coming months to the nearest support to $ 7,700 and even lower. This is the nearest support.
But it is necessary to understand that this is preceded by long monthly preparations, for example, as we see now in this triangle, where we are going down within a defined movement. Subsequently, after a few months, a huge movement is seen either downwards or upwards, depending on how the whales agree. Just like you meet a friend and talk, they meet together and decide which position to choose. Trading for such large value moves requires months of preparation, not 1 day. Even for large constructions or projects, months of preparations are carried out and only then implementation. It’s about time. Investing is mainly about the longer term and time is your friend, so if you can wait and be patient. To think that in a day or a week, a month you will become a millionaire, is a bit out of reality… Gone are the days when 200-300% of pumps were made per month. It is more possible to do 20-30% a month, and I am optimistic.
I don’t know when 2017 will be repeated and such a bull market as it was then, maybe never again, maybe in 10 years. Definitely forget about bullshit about BTC for $ 50,000 or $ 100,000. See recent years at BTC – do you see the possibility of massive growth there? Or news from the world? Certainly not me. At the moment, it doesn’t even look like the new ATH, let alone such crazy BTC predictions. You need to think hard, not be seduced by incredible profits that don’t even have a real basis.
ATTENTION: No data in the article is an investment board. Before you invest, do your own research and analysis, you always trade only at your own risk. The kryptomagazin.cz team strongly recommends individual risk considerations!
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