RATE Group | Bitcoin To Spend 2020 In Accumulation Mode, Ideal Buy Zone
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Bitcoin To Spend 2020 In Accumulation Mode, Ideal Buy Zone

04 Dec Bitcoin To Spend 2020 In Accumulation Mode, Ideal Buy Zone

Posted at 23:04h in Bitcoin News by

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While most of the crypto analysts across the market spent the bulk of 2019 overly optimistic and bullish, expecting Bitcoin’s bull run to have already commenced, one crypto analyst has remained cautious, waiting for Bitcoin’s parabolic rally to cool off and come back down to the “buy zone.”

That “buy zone” 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 “accumulation mode.”

Crypto Analyst: Bitcoin Will Remain in Buy Zone Throughout 2020

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.

Related Reading | Bah Humbug! If Bitcoin Bulls Can’t Reclaim $7,800 It’s Coal For Christmas 

Many of these short-sighted, fly-by-night analysts focus on short…

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