The ICO market has decreased by 100%; Therefore, ' making rich quick from scams ' is largely no longer available. In 2020, the next halving of Bitcoin will take place, the number of Bitcoin rewards that miners receive will drop from 12.5 BTC to 6.25 BTC per block being exploited. This will reduce the daily Bitcoin supply to market from US $9 million today to 4.5 million. It's a big decline.
The Bitcoin is moving on the SMA 200 is also an extremely positive sign for the price increase, Lee says:
I have watched the market for 25 years now... Whenever an asset (stocks, Bonds,...) on the SMA 200, it is considered a "positive trend". Bitcoin has risen on SMA 200 into 01/4/2019, the first positive closure since 3 May 2018 (13 months). A Fundstrat report (my company) was announced last year that Bitcoin had an average increase of 6 months as 193% when it had exceeded SMA 200 and was only 13% when it was below that level. Therefore, passing SMA 200 is a major problem.
Lee continued:
The bottom line, strong evidence is that winter crypto is finished and the crypto spring has begun. What does this mean for price action? We think the price has reached the bottom and within the next 12 to 18 months we will see the new highs for Bitcoin and other useful tokens.
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