A slight pullback has occurred with Bitcoin in recent days, seeing the king drop from a psychological level of $ 10,000.
A trader mentioned the inflation factor of Bitcon and compared it to the inflation target set by the central banks, based on that, he made long-term forecasts for BTC.
BTC can easily jump to $ 200,000 within 2 years!
On his personal twitter page, trader The Moon shared data showing that after BTC went through the next halving event, the Bitcoin inflation rate would drop from the current 3.6% to 1.8%. .
According to him, the majority of central banks set a goal of keeping inflation at 2%, so the inflation of BTC will be lower.
The trader also stated that within the next two years, Bitcoin price could easily reach $ 200,000.
The #Bitcoin inflation is now 3.6% & will be 1.8% after the halving.
That's officially lower than the 2% inflation-target adopted by most central banks.
This is actually HUGE!
The $ BTC price could easily jump to $ 200,000 within 2 years!
– The Moon (@TheMoonCarl) February 22, 2020
“The #Bitcoin inflation is currently at 3.6% and will remain 1.8% after halving.
This is lower than the 2% inflation target of most central banks.
This is really GIANT!
The price of $ BTC could easily jump to $ 200,000 in the next 2 years! ”
There is no bearish at the moment
Crypto analyst Michael van de Poppe said that he did not see any specific bearish (bearish) signs on BTC's weekly chart at the moment.
What is happening to BTC right now, he believes, is simply “a corrective move in an uptrend market.”
I'm seeing this weekly view (yes, we still have to close) and I'm not seeing anything ultra bearish in particular.
So far: Just a corrective move in an up-trending market.
Even $ 8,800 wouldn't be that bad. pic.twitter.com/IweOeGWOJO
– Crypto Michaël (@CryptoMichNL) February 21, 2020
“I'm looking at the weekly chart (yes, it still has to close) and I don't see any specific bearish signs.
Up to now: It is just an adjustment move in an uptrend market.
Even $ 8,800 is not that bad. ”
Meanwhile, the famous crypto trader Jacob Confield commented that now is the time when Bitcoin price will rise or fall further.
Longs filled on that wick. We either soar to the heavens or we go to Valhalla as heroes. #bitcoin.
– Jacob Canfield (@JacobCanfield) February 21, 2020
“Long fills the candle wick. It will fly to the sky or it will go to Valhalla like heroes. #bitcoin. ”
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According to Bitcoinist
Translated by ToiYeuBitcoin