What awaits Bitcoin in 2020

After a record collapse that occurred in 2017, demand for digital currency began to fall at a record pace.

Bitcoin owners who lost money abandoned this asset, and new investors were in no hurry to invest money for fear of repeating the experience of their predecessors.

As a result, the capitalization of both the entire cryptocurrency market and Bitcoin individually has rapidly decreased.

Within a year, the asset reached its bottom of three thousand dollars and many managers removed it from their investment portfolios.

But the situation of last 2019 again attracted attention to the digital currency market; Bitcoin showed itself in its own style, rapidly rising in price three times. At the same time, its capitalization has also improved.

True, the second half of 2019 was no longer so rosy, and the rapid rise in price was followed by a gradual decline, which was replaced by temporary rises. As a result, at the beginning of 2020, the situation with Bitcoin looks completely ambiguous:

Now the price of this asset is at around $8,300 per 1 bitcoin. And on the one hand, last year’s maximum price of 13600 beckons with its prospects, and on the other hand, the downward trend is clearly visible on the chart.

Should you buy Bitcoin or not in 2020?

In my personal opinion, it is better to refuse to purchase this cryptocurrency in the first months of 2020, replacing it with short-term trading through the trader’s terminal - http://time-forex.com/kriptovaluty/treyding-kriptovaluty

In this case, you can earn money in any direction of the exchange rate Bitcoin, since transactions for both purchase and sale with deferred delivery of the asset are available in the terminal.

After capitalization begins to increase again, we can hope for a new upward trend; in addition, another signal to buy may be the beginning of a fall in the price of gold, which is currently quite expensive.

This will happen towards the end of spring with the start of holidays and a decrease in demand for precious metals. If we evaluate the prospects of Bitcoin more specifically, it is quite likely that it will rise to $12,000 per Bitcoin.

At the same time, the cryptocurrency is unlikely to fall below $6,500. At the same time, the market is not immune from surprises; events can always happen that will send the exchange rate in one direction or another. Therefore, the best choice for currency trading is still the same trader’s terminal, where you can insure your transaction using stop loss .