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Author Topic: Bitcoin Will Surge to $20,000 Soon +81%. Don’t Miss This Chance!  (Read 162 times)

Monfex

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You Can’t Miss This Perfect Bitcoin RALLY to $20,000!


Hi, traders!

Here is your latest analysis of the Bitcoin trend, brought to you by Monfex  - a revolutionary cryptocurrency trading platform.
Continue reading and you will get accurate signals for trading Bitcoin , and will be able to take advantage of the current strong rally on Bitcoin!

Bitcoin is the fastest-growing financial asset in the world!
Over the past 6 months, Bitcoin has been growing at an exponential rate.

The year-to-date performance comprises 235% return, equivalent to monthly compound growth at 27% - an unprecedented return for traditional asset classes.
Now, everyone is talking about Bitcoin , and one question specifically: How could Bitcoin be worth $13,000? Is it overvalued?

There is at least a small chance that Bitcoin will become a global reserve currency, much like the US dollar is today.
For example, if Bitcoin captures just 25% of offshore banking and emerging market fiat currency reserves, then it becomes a $10 trillion asset.
In this case, given the Bitcoin supply limit at 21 million, its market price would be $500,000. This is a big investment opportunity just by itself.


This simple statistic shows that if Bitcoin becomes a reserve currency and reaches mainstream adoption, then it is a multi-trillion dollar asset.
To put it into perspective, Bitcoin’s current market capitalization of $200 billion amounts to only 2% of its potential market cap.

So, investors are beginning to realize that this might be a once-in-a-lifetime opportunity.
This leads to an ever-increasing demand for Bitcoin , which translates into an exponential growth of its price we’re seeing today.

Potentially, there is about 40x upside at the current market price.
This is what drives investors insane and pushes demand increasingly higher.

So, while the market is trying to uncover the Bitcoin’s true price, we as traders are focused on making profits!
And, while the trend remains upwards, the base-case recommendation for Bitcoin traders also remains to BUY.

It seems like the euphoria of buyers has overtaken the market, which can significantly overextend the upwards trend and cause the price to grow further upwards to $15,000-$20,000.
The current uptrend has gained strong momentum and it might be difficult for the sellers to reverse the market downwards.
Most probably, we are going to see a flat (or sideways) trend over the next couple of weeks, and then the price will continue its strong rally upwards.

Today, the following trade signal remains active:
- Set a buy limit order at $11,000
- Place a stop-loss order at $10,000
- Place a take-profit order at $20,000
- The expected risk/reward ratio is 9.0x, which is an extremely attractive exposure!


If you enjoyed this article, then:
- Take advantage of our superior trading terminal on Monfex
- Trade with up to 50x leverage with zero commission on Monfex
- Discover new trading ideas on Trading View 



                

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« Last Edit: July 01, 2019, 01:37:06 PM by Monfex »

 

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