21 Million Bitcoin | It Is Inevitable

16 Jul 2022

The world is growing in cryptocurrency.

We already have the people holding/buying and using Bitcoin for all sort of purposes...

• As a store of value;
  
• As a speculatoin vehicle;
  
• As a mode of payment;
  
• As a way to fight inflation;
  
• As a private wallet;
  
• As electronic cash;
  
• & more...
  

Everyday we have new governments incorporating Bitcoin into their legal/financial systems.

Everyday we see new institutions, banks, corporations, businesses and all sort of entities adopting this newly created, highly disruptive technology.

Everyday we see the entire cryptocurrency space growing.
Altcoins, DeFi, NFTs, Metaverse & more...

As adoption grows, Bitcoin's price is bound to follow and that is what we've been seeing since day one, literally.

With a limited supply, it is inevitable but there is more.

Every 4 years we get the Bitcoin Halving event when the mining rewards is cut in half, leading to more pressure for the value of Bitcoin to grow.

Formula: More Adoption + Less Bitcoin = Guaranteed Growth!

Ok... Let's look at the weekly chart

This weeks candle for Bitcoin is showing a long lower wick/shadow.

Sellers got the initial part of the week but the buyers get the last laugh and push prices to close green.

While Bitcoin still signaling an oversold status on the weekly RSI, we can expect a massive rise in price.



I forgot what I wanted to tell you in this article... Hold on...

Oh ok, I remember now...

Bitcoin will easily move to $25,150 first.
Followed by $30,900 and finally $36,000+.

That's right.

Let's hope it goes even higher before the next low.

Bless me with your comments and support.

Namaste.