Good opportunity to get on the Bitcoin train?
Bitcoin is living one of the quietest weeks of 2019. Good opportunity to get on the Bitcoin train?
Bitcoin has been a boring week in a very limited range between 10K to 10.4K. At the moment he is comfortable in those values, and everything seems to indicate that he will continue this way, at least in the next few hours.
In November of last year, when Bitcoin was trading at just over US $ 6,000, I wrote «The Bitcoin train is approaching its sixth station«, where I commented that we were in a good time to buy thinking in the medium and long term.
Now, 10 months later, with a Bitcoin in just over 10,000 dollars, the big question arises: Is it a good time to get on the Bitcoin train? The answer is absolutely yes, and I will explain why.
Since February, the month in which crypto winter began to be left behind, Bitcoin has shown strength, consolidating important values. Now everything seems to indicate that 9.3K are the great support for the remainder of 2019.
While Bitcoin is trading above 9.3K, it is an interesting opportunity to accumulate Bitcoin.
The governments of the world are gradually realizing that going against Bitcoin does not make sense, it only makes people more interested in the leading digital asset. It’s like swimming against the current, in the long run you get tired and give up.
One of the most important fundamental data to be optimistic with the value of Bitcoin in the medium term, is the launch of the futures by Bakkt, which have as a great novelty, that at the expiration date of the contract BTC will be delivered and not money FIAT.
The Bitcoin sentiment index is still around 40 points, which although it indicates fear on the part of investors, has moved away from the 20 points zone a few days ago. It is a good fact for the rest of the year.
Are you ready to get on the Bitcoin Train?
Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin.