I am not much of a market analyst, but I am a very logical person and if there is anything waiting to buy Bitcoin to buy it at a better price, the risk is too high not to buy right now!
Disclaimer: I want to say upfront that I am not a qualified Financial Advisor and this is not at all financial advice. It is just something that I have noticed and applied y own logic.
In my opinion Bitcoin is definitely not the best cryptocurrency out there, but it was the first and it created a whole new industry. Without Bitcoin, there would not have been a cryptocurrency market and all the potential for the future. Most people in the world still don't that any other crypto currency exist.
I have recently done a post where I mentioned that Bitcoin should logically go up to $300 000. You can view the post here
I am not the best trader out there, but I am following a lot of traders on Twitter and I am reading a lot about the markets. I read this post this morning which has the same approach to potential price increases in Bitcoin. They are looking at the history of the price over the past few years. Now if history repeats itself yet again it just might go to the not to ridiculous price of $400k.
Prominent Analyst: Bitcoin (BTC) is Likely to Surge to 400k, Does This Mean the Bottom is in?
My logic still says this might just happen if we look at the history of BTC here.
Please use the above image to do your own calculations and see where you get to. Add your comments below, I would love to hear your opinion.
Happy Steeming!
