Bitcoin Price Will Quickly Reverse From Intense Plunge Because of These 3 Main Factors | BTC News

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BTC Price Reversal

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Even though the Bitcoin price has plunged to a seven month low today, it has all happened before and a recovery has followed as it will again.

There are several bullish factors building up that will cause a Bitcoin (BTC) trend reversal next year.

This time last year the BTC price had dumped to $3,700 and markets were in the depths of Crypto winter.

Here we are a year later with a 10% dump on the week to $6,600 as we approach the holiday season.

There may be more pain before any gains but a recovery will happen in 2020 and industry insiders are confident.

One Crypto analyst shared on Crypto Twitter:

“For those who are worried, remember this: Markets are simply about inflows and outflows. When:

  • The halving cuts new daily issued bitcoin in half
  • PlusToken finishes selling its bitcoin & ether
  • More institutional on-ramps become available

Bitcoin will reverse and quickly”

In other Crypto news today, this (BTC) Bitcoin metric could trigger the next Bitcoin bull run.

There are a number of varying metrics that Bitcoin analysts use to predict future price movements of the asset.

One rarely used oscillator takes BTC energy value into account and it is flashing bullish at the moment.

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

https://bitcoinist.com/next-bitcoin-bull-market-could-be-triggered-by-this-metric/

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