How about BTC in recent years

Those people are living a good life now, those who played bitcoin in the early days & lt; The pig of tuyere & quot; Made a lot of money

I. Nakamoto found bitcoin, and now it is fading out of the bitcoin circle< p> the discussion of bitcoin in many forums is no longer limited to & quot; Is bitcoin a scam;, Instead, it extends to & lt; Can bitcoin become a global currency in my opinion, bitcoin is a full digital bubble. A virtual currency constructed by algorithm has no national support behind it. Moreover, the scarcity of bitcoin will inevitably lead to its appreciation very quickly, especially under the guidance of market economy.

The impact of the okex incident on the currency market is fading; With the US election becoming increasingly white hot, the difficulty and hash rate of bitcoin are higher than before

in terms of price, so far, BTC has rushed to around us $11720, with a 24-hour increase of more than 2%

so the question is: where will bitcoin go in the next week

here are five factors that may affect the BTC price trend in the coming week

No.1 US macro level: election and stimulus plan this week, the US is the absolute focus of the macro market. The US presidential election will soon usher in a decisive moment (November 3)

analysts warn that if the Democratic Party (Biden) wins, the dollar will depreciate - and the long-term outlook for the dollar is already precarious. Goldman Sachs said last week that Trump's re-election was not enough to get the dollar out of danger

however, no matter what the election result is, professionals recommend buying gold as a hedge. However, in the view of others, bitcoin may bring more profits

six month chart of US dollar currency index. Source: tradingview

at the same time, not only the election, but also what happened before is also a topic of interest. Specifically, a coronavirus stimulus plan was in place before polling day

No.2 Europe suggests more intervention

with the outbreak again, the European Central Bank (ECB) is considering further measures

European Central Bank President Christina; In an interview with Le Monde on Monday, Lagarde said the European Central Bank would use more financial instruments if necessary

the European Central Bank's coronavirus stimulus program has purchased a total of 1.5 trillion euros of assets

brexit is increasingly moving towards "no agreement" brexit, which makes the possibility of instability worse

No.3 the fundamentals of bitcoin have reached a new high

recently, bitcoin has maintained a strong resilience in the face of various black swan events. Influenced by okex, BTC recently dropped below $11200, but recovered steadily soon. So far, it has exceeded $11600

and on the technical level, the fundamentals of bitcoin also maintained a record strength this month

two days ago, the difficulty of the latest adjustment increased by 3.5% than expected

at the same time, the hash rate also climbed to a record high on Monday. At the time of publication, the estimated computing power for mining is 146 exahashs (EH / s) per second

as often reported in the media, the popular theory is that the price follows the hash rate, because the long-term investment prospect of bitcoin is better than ever before

bitcoin 7-day average hash rate 1-month chart

No.4 analysts focus on $12000 BTC price breakthrough

for famous analyst Micha & # 235; For Lvan de Poppe, the key price conversion of bitcoin is becoming more and more reasonable

in his latest video update on Sunday, he stressed that the significant resistance level of weekly closing price below US $12000 for several consecutive years will soon end

Van de Popper believes that since the beginning of the bear market in early 2018, US $12000 has become the rejection point of the weekly chart, but the consolidation below cannot last forever

he concluded: "we are likely to rebound to the range of US $16000 to US $17000, because this is the obvious level and the last obstacle for bitcoin to begin to break through the all-time high."

after this move, there will be another consolidation period, which may last longer than the current period

van der BOPP added that he advised viewers to work hard to accumulate bitcoin, even in the $16000 range

BTC / USD 7-day price trend chart. Data source: coin360

No.5 market sentiment: greed is back

with the graal strengthening of prices, investor sentiment is also changing: data shows that investor sentiment is becoming more and more greedy. In the latest market data, the fear and greed index has returned to the "greedy" area, rising slightly from "neutral" in the past week

this indicates that bitcoin investors' emotional expectations will be bullish, but it should be noted that if the price rises too fast, "greed" will become "extreme greed", in which case the index is more likely to callback

Generally speaking, the market is at the end of the bear market. The bottom price of bitcoin is around $3000. It is now in the stage of building the bottom of the box

after two times of bottoming, it is now the position of the part. When you ask about the market, you should also want to invest. If you invest, it is suggested that you buy some money now and put it in the market. Now is a good time

if you do band speculation in bitcoin. According to the technical analysis method provided by "ten thousand dollar man", we can still achieve certain benefits, which is much better than going to work

If you go back to seven years ago and choose a new investment opportunity, you will choose to invest in stocks, and then wait for the 15 year bull market to multiply your assets; They may also invest in real estate, and then wait for the real estate outbreak in 16 years to double their assets. However, if we chose to invest 10000 yuan in bitcoin seven years ago, we could sit on 66.2 billion yuan in 17 years, a rise of more than 6 million times

as we all know, the currency market in 2018 was a tragic year. At the beginning of 2018, the price of bitcoin was at the highest level in history, and the concept of blockchain began to heat up. A lot of people who originally belonged to the outside circle swarmed in to participate in entrepreneurship, employment and money buying. The prospect of the currency market seemed to be very good. Later, as we all know, as the price of currency fell again and again, the newly established blockchain media fell down one by one, and those new people who followed suit to buy currency were trapped in a high position to discuss; Bitcoin& ldquo; Blockchain & quot; There's less and less sound in the room. The coin ring gives these new comers a sense of cruelty

last year, all digital currencies and ICO platforms were shut down in China, and all countries in the world have put restrictions on them. At this time, few ordinary holders are willing to sell, and they basically hold them. This requires great determination, life problems, currency speculation problems, all kinds of problems may cause no longer hold; These problems cause a lot of trouble, so many people do not live well. After half a year, the instry that countries all over the world have entered is & lt; Blockchain & quot; And digital currency! In the game of blockchain, many countries have made some moves, and the holders are also on the sidelines

Maybe it's a clerical error. I'll make a little effort. Four years ago, in February 2015, there were only so many bitcoins. According to the average exchange rate of 6.23 in 15 years, it was about 1500 RMB