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Bitcoin: If History Repeats Itself, BTC May Not Reach Previous All-Time-Highs Until 2021

Bitcoin: if history repeats itself, btc may not reach previous all-time-highs until 2021

Bitcoin: If History Repeats Itself, BTC May Not Reach Previous All-Time-Highs Until 2021

As the bitcoin [BTC] bear market that first began when BTC reached nearly $20,000 in late-2017 persists into 2019, investors are keen to know when the markets will begin climbing back towards their previously established all-time-highs.

Although there have been many positive developments in the cryptocurrency industry over the past year, if history proves to be true, it may take BTC years before it is able to break above $20,000 and surge to new highs.

Investors Largely Turning to History-Based bitcoin [BTC] (BTC) Price Action to Predict Future 

Lately, there has been a significant amount of talk in the cryptocurrency industry regarding whether or not BTC will start a fresh uptrend based on fundamental price action, or based on news-driven price action.

Throughout 2018, many investors saw the potential approval of a bitcoin [BTC] ETF as one such event that would help bitcoin [BTC] fundamentally and lead to an influx of positive news that would allow bitcoin [BTC]’s price to start a new upwards price cycle.

This hope was crushed, however, earlier this week when it was announced that Cboe had withdrawn the VanEck-SolidX bitcoin [BTC] ETF application, which will likely lead to significant delays until they reintroduce this application to US regulatory authroities.

Bitcoin: if history repeats itself, btc may not reach previous all-time-highs until 2021

Cboe recently withdrew their highly anticipated bitcoin [BTC] ETF application.

Now, investors are largely turning to theories regarding history-based price cycles to predict where the markets will head next.

Analyst: New bitcoin [BTC] (BTC) All-Time-Highs Take Longer with Each Cycle

Josh Rager, a popular cryptocurrency analyst on Twitter, recently noted that BTC takes longer to set new all-time-highs with each price cycle, which could mean that if bitcoin [BTC] follows its historical trends, it may not break above $20,000 until March of 2021 or later.

“When will bitcoin [BTC] break its previous All-Time High? It took 1,181 days for BTC to break its previous ATH and 1,478 days to peak at new ATH in Dec ’17… At this rate, $BTC would break previous ATH +$20k in March 2021 or later… New bitcoin [BTC] ATHs seem to take longer with each cycle,” Rager explained.

It is important to note that the basis of this theory assumes that the massive volatility BTC saw in 2017 and 2018 did not have a fundamental impact on future price action, and that there will not be any major news that impacts BTC’s price action.

bitcoin is extremely close to breaking its record for its longest-ever correction, which may provide further support for the theory regarding fresh all-time-high cycles taking longer with each new pricing cycle.

Featured images from Shutterstock.

Published at Sat, 26 Jan 2019 22:30:47 +0000

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Trade.io Announces Confirmed Pre-ICO Partnerships With Two International Brokers That Will Adopt Trade.io Technology & Exchange For Client Trading

Investors have been anxiously awaiting the time when those huge brokerage commissions would be no more. Thanks to trade.io that time has come and early investors in this blockbuster ICO will see unheard of profits that they can actually keep without paying out that bulky commission to their “Advisor”.

[Note: This is a press release.]


Zug, Switzerland – On the heels of an announcement of Trade.io’s upcoming ICO, Trade.io can now confirm that two early adopters of this new financial trading platform will, in fact, use this trading exchange on the first day of operations. In an unusual twist, this development of early adopters will prove to be extremely profitable for early investors of this highly anticipated Initial Coin Offering.

Trade.io has already sent ripples through not only the Financial Sector but also the world of ICO investing as this ICO stands out among the rest. Most Pre-ICO’s although may have great potential, many will ultimately fail due to either a lack of interest or a lack of users. It is important to understand that Trade.io has successfully secured two regulated brokerage firms that will use the platform for trading immediately upon release, which will allow for an immediate expansion of the platform and distribution.

During a recent press event, Jim Preissler, the CEO of Trade.io was quoted as saying, “We’re fortunate to have two regulated brokers, FX Primus Europe (CY) Ltd. (FXPRIMUS) & Primus Capital Markets UK Ltd. (PCM), as early adopters of our platform. In FXPRIMUS we have an EU regulated company with hundreds of thousands of clients which could potentially utilize trade.io’s technology, and in PCM, we have an FCA regulated company with a sterling reputation and world-class regulatory oversight.”  Preissler continued, “I feel we’re in a unique position in that we have not yet launched, but are attracting interest to be first in line.”

In addition, trade.io also has commitments from private companies who wish to list on its exchange. To this, Mr. Preissler noted:

As part of our investment banking offering, we provide a service where we assist start-up and existing companies in raising capital and eventually listing on our exchange.  It’s a unique turnkey type setup, where we handle all the ‘legwork’ at a fraction of the cost and effort of a traditional IPO, so the client can focus on running its business.

Preissler continued:

An interesting company of note who approached us about listing on our exchange was THB Holdings. They are launching an innovative Super Sports Race Franchise called The Human Baton, and have aligned themselves with partners who have worked alongside such superstars as Justin Timberlake and Beyoncé.

As with any Initial Stock Offering, the key is to get in early before the stock hits the exchange. The same concept applies to ICO’s (Initial Coin Offerings). Trade.io is selling 275 million TradeTokens (TIO) via an ICO,  with the Pre-ICO starting November 7, 2017. The chance to get in early at a discounted price will end November 22, 2017, when this highly anticipated ICO is set to launch.

To learn more about how to invest in this opportunity or to visit their official website, visit trade.io or review their Whitepaper directly at https://www.trade.io/whitepaper.

Media Contact:

trade.io
Attn: Media Relations
Bahnhofstrasse 21
6300 Zug, Switzerland
Ph: +357 25 262 054
helen@trade.io


Images courtesy of Trade.io

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