Bitcoin Price Holding at $5 200

After being down at $3 107 on the 16th of December 2018, the price for Bitcoin BTC seems to have stabilized above the $5 000 level. Is this the new price level going forward?

It looks like the $5 000 will hold since the price continues to trade at aproximately $5 200 since the beginning of April (about a month now). To support the theory the cryptos winter is ower head of Fundstrat Tom Lee defined 11 signals that usually indicates a bull market. He’s so confident in the bull market that he’s predicting a BTC price of $14 000 by year 2020:

“I think you’re seeing signs that fundamentals are improving, technicals are improving, and now there’s real activity by, essentially, crypto hodlers. […] So I think […] a 2.5 standard deviation move for bitcoin would take it to $14,000. I’m not saying that’s where it’s going to go, but that’s the magnitude of move that would be a catch-up.”

On the 23rd of April Bitcoin formed it’s first golden cross since October 2015, a technical indicator showing in an upgoing market when the 50 days moving average crosses the 200 day moving average in an upgoing trend.

If you belive in the crypto market it could be a good way to buy a few mining contracts now when the price is low before the BTC price increase too much. Here’s a few operators that allow you to use cloud mining:

HashFlare offers mining contracts for Ethereum with no service fees, low withdrawal limits (0.1 ETH) and very easy to use. You can buy mining contracts using both credit cards and BTC.

MinerGate is another great cloud mining company where you can buy contracts to mine both BTC and Monero. You can pay using your BTC or XMR balances or just send a payment in Bitcoin or Monero to them. Easy withdrawal and easy to use. You can also use their enhanced mining software to do some extra mining on your own laptop, and then you can mine everything from XMR, ETH, BCN and many more currencies. You can even in some cases mine multiple currencies at the same time.

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