Will We See Another Bitcoin Breakout During The US Election? - Comparing BTC 2016 vs. BTC 2020
2016 was a breakout year for bitcoin, it was also the year of the second halving and a dramatic US election. 2020 could be another breakout year for bitcoin with the price currently threatening to ascend above $14,000 for the second time in its history.
2020 was a dramatic year for bitcoin, with a price range of over $10,000 in the space of 9 months. There was also a (more dramatic) bitcoin halving event and a (forthcoming – potentially shocking) US election.
I examine the similarities and differences of BTC across the two years, discuss the strength of the dollar against bitcoin and looks at the sentiment behind big news stories from both 2016 and 2020.
A clear picture emerges of a bullish outlook for BTC, with the US election (and a weakening dollar) as a potential catalyst which may cause the price to break multi-year resistance and begin the climb to exceed $20,000, in 2021.
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Hi. I'm Peter Bryant – the Crypto Professor. No, unfortunately, I am not yet a 'real' professor (but my Master's in Psychology is excellent for trading!). I do have 'real world' experience in helping investors with their crypto.
My experiences at an alternative investment firm convinced me that anyone can be profitable with crypto. This channel exists to teach you to profit & avoid the many pitfalls. Whether you're a speculator, blockchain enthusiast or developer, I hope to provide frequent inspiration, critical analysis, & a healthy dose of critical thinking to the newest, hottest & most profitable asset class ever.
If you prefer the more popular coins such as Bitcoin (BTC), Ethereum (ETH) or Ripple (XRP), great! However, there are a lot of tokens that I am very excited about, such as Syscoin (SYS), Dragonchain (DRGN) or Crypto.com chain (CRO). Watch my weekly in-depth analysis into different crypto called 'InCrypto InDepth' for updates on the next likely crypto profit opportunity!