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LAST Chance to Buy Bitcoin Cheaply! Here are 3 Reasons…

Now could be the last time Bitcoin is below $20,000. Here are 3 reasons why now is the last chance to buy Bitcoin cheaply.

Rudy Fares

Rudy Fares

December 12, 2022 2:56 PM

LAST Chance to Buy Bitcoin Cheaply! Here are 3 Reasons…

The Bitcoin price has hardly been able to move up in the last few weeks. We have been fluctuating between 16,000 and 17,000 US dollars in the Bitcoin price for some time. The market is struggling to shake off the doubts that have arisen after the crypto exchange FTX crash. But now could be the last time Bitcoin is below $20,000. Here are 3 reasons why now is the last chance to buy Bitcoin cheaply.

How did Bitcoin price Perform in the last few weeks?

This November, the Bitcoin price fell again towards 15,000 US dollars for a long time. Previously, the mid-June bear market low was below $18,000. With the implosion of the crypto exchange FTX, we saw a strong crash in the crypto market, which brought the Bitcoin price from $20,000 to under $16,000.

In the last 2 weeks, the Bitcoin price has stabilized again. The BTC price was between 16,000 and 17,000 dollars. So far, the BTC course has not been able to free itself from this area. Current prices are the lowest since the start of the bear market. Our Bitcoin forecast for the end of 2022 shows that strong price gains are hardly possible in the next few weeks. 

Did Bitcoin reach its low already?

About a year ago, the cryptocurrency bear market began. BTC price reached its all-time high of $68,000 last November. After that, the price dropped to $48,000 by the turn of the year. The crash continued into June 2022 when the price fell below $18,000. The market stabilized in the second half of the year. 

While many investors were hoping that Bitcoin price hit its bear market low in June. But the FTX crash caused us to see another sharp drop. However, this could actually be the low for the current bear market. In this case, the price should only go up in the medium term. You will probably not be able to buy Bitcoin as cheaply as now.

3 Reasons to Buy Bitcoin TODAY

There are good reasons that suggest that you won’t be able to buy Bitcoin so cheaply in the future:

1. Crash with a “cleansing” effect

A crash like the last one can always have a cleansing effect on the crypto market. He uncovered major grievances in the crypto world. With the bankruptcy of FTX, many other companies are now promising that they will be more transparent with their finances in the future.

Furthermore, a crash takes the pressure off the market and there are again opportunities for healthy growth in prices. In the future, many investors will realize how cheap Bitcoin and other cryptocurrencies will be to buy. 

2. Macro factors are generally positive

There is now a clear correlation between traditional financial markets and cryptocurrencies. In recent months, the markets have suffered heavier losses and inflation has been an issue that has made risky investments, like Bitcoin, unattractive. 

Inflation rates are falling recently, which also makes further interest rate hikes by the central banks unlikely in the future. The stock market could also recover again in 2023. Both events would have a positive effect on the crypto market.

3. Similarities to the 2018/2019 bear market

For now, it looks like the current market is behaving very similarly to the 2018 and 2019 bear markets. Back then, we saw a sharp fall in the first half of 2018, a stabilization in the second half, and a sharp fall in late 2018.

The crypto market in 2022 almost mirrors 2018. In 2019 there were strong price gains. The Bitcoin price rose from $3,500 to $10,500. Therefore, this could mean that we have bottomed out at $16,000 and you won’t be able to buy Bitcoin so cheaply in the future. The BTC price could actually rise towards $50,000 in the next year. 

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Rudy Fares
Article By

Rudy Fares

Equity Trader, Financial Consultant, Musician and Blockchain Aficionado. I spend my time doing Technical and Fundamental Analyses for Stocks, Currencies, Commodities and Cryptocurrencies.

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