{"id":406194,"date":"2019-12-04T18:00:14","date_gmt":"2019-12-04T18:00:14","guid":{"rendered":"https:\/\/ktsl888.com\/?p=406194"},"modified":"2019-12-04T16:07:47","modified_gmt":"2019-12-04T16:07:47","slug":"bitcoin-to-spend-2020-in-accumulation-mode-ideal-buy-zone","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-to-spend-2020-in-accumulation-mode-ideal-buy-zone\/","title":{"rendered":"Bitcoin To Spend 2020 In Accumulation Mode, Ideal Buy Zone"},"content":{"rendered":"

While most of the crypto analysts across the market spent the bulk of 2019 overly optimistic and bullish, expecting Bitcoin<\/a>\u2019s bull run to have already commenced, one crypto analyst has remained cautious, waiting for Bitcoin\u2019s parabolic rally to cool off and come back down to the \u201cbuy zone.\u201d<\/span><\/p>\n

That \u201cbuy zone\u201d has been hit, although the analyst expects the leading cryptocurrency by market cap to remain within that buy zone for the bulk of 2020, putting Bitcoin in full \u201caccumulation mode.\u201d<\/span><\/p>\n

Crypto Analyst: Bitcoin Will Remain in Buy Zone Throughout 2020<\/h2>\n

The crypto market is a fast-paced, wild-west style market that never sleeps or closes, and is filled with outspoken and often eccentric individuals acting as analysts, hoping to make predictions about future market movements to both profit and grow their followings.<\/span><\/p>\n

Related Reading | Bah Humbug! If Bitcoin Bulls Can\u2019t Reclaim $7,800 It\u2019s Coal For Christmas\u00a0<\/a><\/strong><\/em><\/p>\n

Many of these short-sighted, fly-by-night analysts focus on short term swing trades only, giving them the appearance of being experts in space. However, they often fail to look at the bigger picture, or fail to take the approach of a long-term investor.<\/span><\/p>\n

One prominent crypto analyst who almost solely focuses on long-term plays on assets like Bitcoin<\/a> or precious metals, and even altcoins, has long shared charts that targeted the current price levels as an ideal buy zone. Some of the charts calling for Bitcoin to trade within this level were shared long before the crypto asset ever topped out in late June and early July.<\/span><\/p>\n

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BTC longer term.<\/p>\n

Predicting price next year in the buy zone, which sets up nicely for the next parabolic run going forward. Accumulation mode. pic.twitter.com\/feO1Lk7kh1<\/a><\/p>\n

— dave the wave\ud83c\udf0a\ud83c\udf13 (@davthewave) December 4, 2019<\/a><\/p><\/blockquote>\n