Analyst Bitcoin in phase Recovery Time Buy

Analyst Bitcoin in phase Recovery Time Buy

Virtual currency Bitcoin rated central in a sustainable recovery phase and recommended investors capitalize on the decrease in price recently to do more purchases.

"Take advantage of the decrease in [price] to continue to accumulate Bitcoin on the second quarter in anticipation of the rally in the second half broke through the 6,000 resistance level," wrote technical strategist research company Fundstrat, Robert Sluymer, in his research dated May 2.

Bitcoin 

According to Sluymer, rebounding average of Bitcoin CECH in the 200 and penetrates the range trading in the first quarter is  "the early stages of the development of a longer-term recovery ".

In mid-November, when the 2018 Bitcoin traded in a range of US $5,500 per coin, Sluymer warned that currency crypto (cryptocurrency) has experienced a "significant technical losses" and can take months to recover.

Currency rates or crypto cryptocurrency ride on a quarterly I/2019.

Based on data from the site coinmarketcap.com prices quarterly bitcoin-I rose 6.06 percent on Sunday (31/3/2019) 4,098.51 u.s. dollar per one bitcoin or BTC.

Currencies of another crypto also the natural trend is similar.

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Chief Executive Officer Indodax.com, Darmawan, Oscar says, bitcoin over the last year has experienced a period of correction that is long enough.

So it created the momentum of prices rise because there is no longer a bitcoin sold cheap.

It also results in the event of a price increase of demand made significant as now in particular because of the bitcoin will soon be entering the next supply reduction in the near future or halving.

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For that, investors seemed to need to determine investment strategy in this virtual currency.

"I think every year is always the same, select crypto-quality, cheap buy on sale when prices do not match when selling expensive," said Oscar to Kontan.co.id Tuesday (9/4/2019).

I need to know now more and more the number of a crypto token.

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He suggested as good investors cautious because of the many crypto tokens that do not have a clear function and ecosystem in tow.

Oscar suggested investors should buy only crypto clear vision and mission, choose a sensible, don't pursue short-term gains because typically only lead to a loss in the long term.

Bitcoin is indeed a pioneer, crypto still doesn't forget the ether will still save a lot of potential in the market.

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In market cap global pun etherum positions second.

Inditex who is also a pioneer in crypto exchanger Indonesia project has more than two million members in this year.

Investors rated will be making this investment because the price of the site in the bitcoin in the last month has gone up about 50 percent.

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Now in index price bitcoin reached Rp 72 million rupiahs per one bitcoin.

"Investors already bought at the right time last month and selling it right now so get 50 percent more profit in a short time," said Oscar.

However, every investment there is definitely a challenge.

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According to Oscar homework, a crypto industry in Indonesia is still in education.

Still, many people who don't know what it's crypto and many misunderstandings behind him but a lot of potential in the blockchain project can be developed.

During the next few weeks, the price plunged to the level of the Bitcoin US $3,136,04. In February, Sluymer warned that technical positioning in the crypto is still weak. The price of the Bitcoin has not yet recovered to reach the level of US $5,000 to 2 April.

Fundstrat cryptocurrency analyzes and develops their own index. Sluymer colleagues, co-founder of Fundstrat, Tom Lee, considered bullish holds reserved Bitcoin.

Lee started the year 2018 with a target price of end of the year at the level of US $25,000, before finally leaving the timeframe for predictions in December when the price level is in the Bitcoin US $3,000-US $4,000.

Then in March 2019, Lee said as the year 2019 seen for this market to establishing risk reward.

The price of the Bitcoin himself reportedly climbed 0.9 percent to the US $5.456,44 today, Friday (3/5/2019) 12.04 p.m. afternoon Singapore time

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