Thriller Rundown - S2EP6: Bitcoin Macro Factors
Car discusses the bullish fatigue that resulted this noticeable pullback, the overall long-term trend for bitcoin price remains on an upward trajectory very reminiscent to 2011-2013.
He also discusses that Bitcoin and the rest of the cryptocurrency market will begin recovering faster in the latter half of 2019. Bitcoin has tended to rebound a year prior to its block reward halving. If the demand for Bitcoin goes up or remains the same and the supply of the asset decreases, it causes the price of Bitcoin to go up. This could push to parabolic states.
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He also discusses that Bitcoin and the rest of the cryptocurrency market will begin recovering faster in the latter half of 2019. Bitcoin has tended to rebound a year prior to its block reward halving. If the demand for Bitcoin goes up or remains the same and the supply of the asset decreases, it causes the price of Bitcoin to go up. This could push to parabolic states.
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