Bitcoin above 8000$ is A Sign of Bullish trend?
bitcoin halving

Bitcoin above 8000$ is A Sign of Bullish trend?

By CryptoPk | Blockchaintech | 29 Apr 2020


As of writing this publishing, Bitcoin is trading above 8000$ and its almost touching 8400$ a Coin. Every time Bitcoin form a bullish trend it pumps the whole market to form the same pattern. However, Altcoin's movements are far greater than Bitcoin. Like if Bitcoin moves 5% in 24 hours then some major altcoins out there move at 10 to 50%. Yes, that's far more the movement of the stock market. If you invest in Stocks then you cant expect the market to move uptrend more then 3 to 4% a day but In crypto industry and especially altcoins. It can move to the next level beyond your expectations. Major Altcoins are 100 to 300% up with respect to the 30 Days. 

We should also keep in mind about the halving ahead to the Bitcoin network which will occur after a week or two. And then the block reward will be halved from 12.5 BTC per block to 6.75 BTC per block cutting the supply into half every 4 hour. Thus it removes and minimizes the inflation of the digital currency evolution. Ethereum is above 150% with respect to its dip at 90$ a coin to 110$ a coin and now trading around 210$ a coin. If we see the graph below Bitcoin is the most performing digital currency out there, and ethereum has the only potential to compete with the digital currency giant Bitcoin. 

Other Altcoins have more potential gain especially the top 100 series of altcoins, with compare to Bitcoin. Bitcoin can be double in few months after the halving but major altcoins can move 100 times and many folds with higher potential due to less market cap. Choose altcoins investment wisely. I am sharing halving time left for bitcoin. 

bitcoin halving

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CryptoPk
CryptoPk

Crypto enthusiast and trader


Blockchaintech
Blockchaintech

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