Welcome back dear traders and investors!
After days and movements of decision and indecision, we continue to forecast new results and implications of the Blockchain. This market variability has brought a sea of comments and frustrations, but stay calm, I have brought a very nutritious article to work on the subject in which I will be explaining in detail four factors that you should know before making an investment at this time.
Image edited in Photoshop 1. There has not been an exact confirmation of the 41k as such
We have seen the price hit 40-41 and go down again. This economic event occurs because the opinion "generalis" has not been able to confirm and identify the type of pause that the market is making, it is a pause in a downward condition due to a feeling discordant to the trend, or, a natural process of reinvestment and recapitalization.
First of all, we must know that the take profit point has not yet occurred for the vast majority of whales and large investors. Of course, this is the information provided by some dolphins, remember that whales are usually suspicious of their investments and strategies. The point is that -as we have analyzed previously- the market is dominated by an upward trend, it is not worth going against the current, but you must know how to enter and exit. It is essential as a trader to start calculating the take profit point, because it will be the same which will determine how far or how much Bitcoin and other cryptocurrencies can go or not.
2. International banking supports us
For none is a mystery, Bitcoin currently has the direct support of many corporations, companies and private banking institutions. They have been able to even double the first goal of 20k, do not think that we have reached 40k by mere coincidence and repercussion of destiny, we owe a great honorable mention to the economic institutions that did not squander the brilliant opportunity to invest in it Blockchain world.
Undoubtedly, his investment changed the paradigm, in previous months he could have foreseen a minimalist scenario determined by 20k, at this positive moment I foresee 50k quite close and not impossible, since it is a number that psychologically is quite popular by some analysts and traders.
3. The world is not completely focused on Bitcoin
It must be perhaps the most interesting part of the game of chess. Why? We have to start studying the geopolitical situation of some countries, their internal conflicts, the regulations and determinations of specific governments, for example, the social tension that the US is currently facing with the elections, a close devaluation of the dollar due to market issues, supply, demand and printing of new circulating funds, and the consolidation of a new ruler who will watch over the interests of one of the world's greatest powers. I bet you all my Bitcoin earnings, that if Trump wasn't surrounded by so many political conflicts right now, our friend and ally Mr. Bitcoin was no more than 20k.
While the world was arguing about Covid 19 or politics or economics, Bitcoin continued and continues to rise, silently and strategically. As they say out there, he who operates in silence, without scandalizing is the best adversary, his triumph is assured.
4. After so much conflict the financial environment needed something to believe in and promote
This is how the investment focuses focused on Gold, stocks of pharmaceutical companies, technology companies with great development and innovation and of course, Bitcoin.
Bitcoin occupies one of the most attractive economies of 2020 and apparently -barely 9 days in January- continues to maintain that position in this new year 2021. Of course, there are various intertwined events for the monetary overcoming of Bitcoin, but it should not go unnoticed that Bitcoin was a light for all investors who lost large amounts of capital or money in failed companies and new, unsustainable business models in quarantine.
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