What's in store for Bitcoin in 2020?

Following the record crash of 2017, demand for digital currency began to decline at a record pace.

Bitcoin holders who had lost money abandoned the asset, while new investors were reluctant to invest, fearing the same fate as their predecessors.

As a result, the market capitalization of both the entire cryptocurrency market and Bitcoin itself plummeted.

Within a year, the asset bottomed out at $3,000, and many managers removed it from their investment portfolios.

However, the situation in 2019 once again drew attention to the digital currency market, and Bitcoin proved its mettle, rapidly tripling in price. Its market capitalization also improved.

However, the second half of 2019 was not as rosy, and the rapid price rise was followed by a gradual decline, punctuated by temporary upticks. As a result, the Bitcoin situation at the beginning of 2020 looks far from clear:

The price of this asset currently stands at $8,300 per Bitcoin. While last year's price high of $13,600 is tempting, the chart clearly shows a downward trend.

Should you buy Bitcoin in 2020?

In my personal opinion, it's best to avoid buying this cryptocurrency in the first months of 2020, instead opting for short-term trading through the trader's terminal - http://time-forex.com/kriptovaluty/treyding-kriptovaluty

In this case, you can profit from any Bitcoin price movement, as the terminal offers both buy and sell orders with deferred delivery.

Once the market capitalization begins to grow again, we can hope for a new upward trend. Furthermore, another buy signal could be a decline in the price of gold, which is currently quite expensive. This will occur towards the end of spring, with the start of the holidays and a decrease in demand for precious metals.

More specifically, Bitcoin's prospects suggest a rise to $12,000 per Bitcoin. At the same time, the cryptocurrency is unlikely to fall below $6,500.

However, the market is not immune to surprises; events can always occur that push the price one way or the other. Therefore, the best choice for currency trading is still the trader's terminal, in which you can insure your transaction using a stop loss .