Some readers think that some of the things I have said on this blog about crypto in some of my articles are exaggerated. It’s hard to make predictions and any prediction is just a possible outcome.
But I cannot stop to describe what I think about the events that I expect to happen in the next period.
Awesome times will come in the crypto market. Since the beginning of 2018, the market has entered a decline period, we had a full bear market.
I would like to make an interesting observation – now is a time when you can buy incredibly valuable cryptocurrencies with your coffee money. But some sources I trust in the crypto market say we are about to enter the most powerful bear market ever seen.
The predictions about the price evolution in the crypto market are made using two main filters: fundamental data and technical data.
Fundamental data has long been far above the price level and has been acting for some time like an overloaded magnet, pulling the market up.
And lately … technical data is also set to signal the bull start.
And I expect to be an unprecedented start that will bring great fortunes to those well positioned at the critical moment.
So the bear market is technically over.
I think it will start the new bull market that can easily bring Bitcoin’s price to $40,000 in a short period of time. In the medium term, we could see $ 80,000, and over the next 4-5 years, it can exceed $ half a million.
What’s is happening now?
According to the most intelligent and competent investors in the crypto space, the bull market is about to begin, if it’s not already started.
The prices are still close to the bottom, let’s not forget. But given the aggressive movements specific to the crypto market, in just a few weeks we can see an increase of more than 100%.
However, I did not invest all my money and did not borrow any money to buy the cryptocurrencies. And you should not be doing this.
But if you allow to invest money you can afford, I recommend to buy at least Bitcoin and Ethereum with some savings you already have. Saving you can afford to lose. Otherwise, you won’t be able to sleep at night.
Disclaimer: Investing in cryptocurrencies is risky and I do not recommend anyone to invest money they cannot afford to lose.