Heading towards the new year we can conclude that the Cryptocurrency market didn’t bring any positive changes in price. We have seen a huge surge in Bitcoin Price and other crypto related searches on Google. Which indicated a new 2018 search trend on Bitcoin. This and many more came to life in the crypto industry. We have also seen a growth in 2018 in the crypto infrstructure as the market was going downwards. As we continue our journey in this bear market we can conclude that some crypto hypes are over and will never return.
Bitcoin Price Prediction
We expect that this Years all time low has yet to come. Multiple calculated Technical analysis is turning out to the downside as for the short term concerns. We expect another leg down and expect that the recovery will take a long period of time. With long we look back at the past where it Took 2.5 years to recover out of the bear market in 2014.
See picture below
There are two ways to look at plotted charts. Investopedia Describes the difference between a linear price scale and a logorithmic price scale below:
“A linear price scale is plotted on the side of the chart there is an equal distance between the prices, and each unit change on the chart is represented by the same vertical distance on the scale, regardless of what price level the asset is at when the change occurs.”
Listed here above is the Linear Scale of the past year and listed here below is the log scale on the entire Market capitalization of all cryptocurrencies. As we can see for the long-term when looking at the total market we are still in a healthy trend. But a full recovery will take a while. Trust is something which has to be rebuild after receiving so many hits
Let’s get back to the crypto indexes and crypto signals with SignalAlert. This cryptocurrency signal group is predicting price movements by technical analysis and analysis. In the last series of SignalAlert Calls gave their members a confident boost for this current market situation. Out of the last 16 calls their was a successful hitratio of 75%. with a cumulative profit of total 116% it would have been possible to double your funds.
With the known concept of ICO’s there is no new thing anymore to find out in Cryptocurrency industry, well there actually are new things coming such as STO’s and many more. The concept of tokenizing organisations and economies are known to a wider public nowadays. In that case we are getting each day closer and closer to mass adoption. We still don’t know how or if mass adoption will occur.
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Serial entrepreneur and crypto trader since 2015. Founder of SignalAlert.io here to share my knowledge about day trading cryptocurrencies.
Favorite cryptocurrency: BTC, ETH & Polymath – Favorite Airdrop: Nexo