{"id":381986,"date":"2019-05-13T19:00:18","date_gmt":"2019-05-13T19:00:18","guid":{"rendered":"https:\/\/uniquehot.com\/?p=381986"},"modified":"2024-06-11T17:33:01","modified_gmt":"2024-06-11T17:33:01","slug":"bitcoin-btc-clears-7500-this-is-just-the-beginning-mati-greenspan","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-btc-clears-7500-this-is-just-the-beginning-mati-greenspan\/","title":{"rendered":"Bitcoin (BTC) Clears $7,500, This Is Just the Beginning–Mati Greenspan"},"content":{"rendered":"
Prices may correct, that\u2019s a possibility. However, unlike the deep correction of 2018, there is increasing awareness around Bitcoin and cryptocurrency in general. That is perhaps the reason why Mati Greenspan of Etoro is confident that BTC is in the early stages of a humongous bull rally in waiting.<\/em><\/p>\n It\u2019s all about price and ROI, and if that is the metric for gauging success, then Bitcoin investors are on a roll. After a deep and bruising crypto winter when Bitcoin prices dropped, hauling altcoins to their Dec 2018 dredges, asset prices are now bouncing back to the elation of the community.<\/p>\n In five short weeks, Bitcoin is up, more than doubling after bottoming up from $3,200 in mid-Dec 2018. Spurred by improving fundamentals, regulation and the change in sentiment, the crypto space is vibrant. Even so, according to Mati Greenspan, a vocal Market Analyst at Etoro, he believes<\/a> that the crypto market is at the early stage of an impending bull cycle. To him, it is true that Bitcoin has been building momentum, but this is \u201cin the early part of its cycle\u201d adding that \u201cright now we\u2019re coming off that huge retracement and are only seeing a small rise.\u201d<\/p>\n If his overview is correct than odds are not only will Bitcoin prices surge above $20,000, but accompanying volumes will explode, surpassing those of May-11 when Bitcoin-related volumes soared to new highs. All this points to a shift, a wave that is cementing Bitcoin\u2019s position as a market leader whose underlying technology is poised to disrupt and positively impact processes.<\/p>\n <\/p>\nBitcoin Price Analysis<\/h2>\n
Fundamentals<\/h3>\n
Candlestick Arrangement<\/h3>\n