@PVMihalache 20 October 2020 more from that month

Binance monster grow expected for the start of 2021 Bitcoin still performed well in 2020, considering the pandemic, the halving and the US stock market crash. The aftermaths of the block reward halving, from 12.5 to 6.25 directly impacted the result of miner's lower productivity. As predicted, even if the supply was lower, the demand is still high.  The price after the halving didn't fluctuate much, making venture capitalists predict that Bitcoin will put together a face-melting rally in the next bull run, skyrocketing nearly 1,500% to $150,000 in a new bull cycle. I still consider this prediction highly exaggerated but for certain ... Bitcoin is preparing a monster growth for 2021

**Which are the signs and factors indicating the monster growth?** The BTC's price has seen low volatility throughout the past six weeks, hovering between $9500 and $9999 for most of the time. This hinted traders and investors that it is very likely that a massive price movement will follow in the near term.Over the last 12 months, Bitcoin has seen two extended ranges. The first one happened in June 2019 and the second in December 2019. In both instances, the price of Bitcoin price increased by 40%, compared to the previous months. As the pattern suggests, a new price rise may happen this summer, with a month or two delay due to the block reward halving.The traders foresee a two-stage scenarios, a rejection stage when the price will  drop under $9,200, maybe down until $7,000, which will be followed by the price surge to potentially see the start to a newfound rally. Because of the predicted price drop, Bitcoin entered in an “investors fear zone”, suggesting  that traders are becoming increasingly cautious about the short-term investments in Bitcoin. However, three main factors may shift the price trend of Bitcoin, and dissipate the short-term investing fear. The first factor is the risk of miners selling more Bitcoin after a difficulty adjustment and aftermaths of the halving while the the second is the JPMorgan Chase's praise of Bitcoin. Last week, JPMorgan Chace said that Bitcoin has "staying power" after surviving the March crash, when the value fell to $3600. The low value was followed by a V-shape recovery in less than three months, with Bitcoin reaching values above $10,000. JPMorgan Chase positive mention, the praise and change in stance towards Bitcoin means a powerful back-up for the future price.  The third influencing factor is the increased trust in cryptocurrencies as a direct result of the BLM protests and the anti-governmental movements.  Back in September the Bitcoin price crashed under $10,000 but recovered slowly. Analysts are saying that for Bitcoin to hit $100,000, it would need to achieve a market capitalization of $2.1 trillion, meaning nearly 25% of the market cap of gold. For this to be achieved, the perception of Bitcoin as an established store of value has to increase and institutional, retail, futures and options market activity will have to reach new levels. Thinking about today's perception of Bitcoin and how few years ago not many had a single clue about cryptocurrencies, the target is achievable.  The monster price rise will come, hopefully sooner than later.   **Links and referrals:** JP Morgan praise Bitcoin https://cointelegraph.com/news/90m-daily-what-would-it-mean-to-sustain-bitcoin-price-at-100-000 Coinbase Earn - up to $59 Compound (COMP) https://coinbase.com/earn/comp/invite/xghn36t9 **Amazon author page:** PV Mihalache https://www.amazon.co.uk/-/e/B019FB0ZNG **Quality Faucets:** Stakecube (20 daily faucets) https://stakecube.net/?team=sadu1 Tier 4 referral system: Horizen (ZEN) & ZCash from PipeFlare & GlobalHive https://getzen.cash/auth/register?ref=252508 https://pipeflare.io/r/zxn https://globalhive.io/auth/register?ref=1917 **FreeCryptos Gang**: DASH, TRX, ETH, ADA, BNB, LINK, NEO & BTC https://freedash.io/?ref=3945 https://free-tron.com/?ref=24942 https://freeethereum.com/?ref=39797 https://freecardano.com/?ref=228676 https://freebinancecoin.com/?ref=32397 https://freechain.link/?ref=1187 https://freeneo.io/?ref=1474 https://freebitcoin.io/?ref=319383 **Coinpot Gang:** DASH, BCH, DOGE, LTC, BTC & BTC2 http://moondash.co.in/?ref=D6EA38BF9E32 http://moonbitcoin.cash/?ref=E09F6730A19D http://moondoge.co.in/?ref=E09C54FEC554 http://moonliteco.in/?ref=49E875DC0626 http://moonbit.co.in/?ref=BE0EDE0CD1DC https://freebitco.in/?r=7275997 Free-Litecoin.com (LITECOIN) https://free-litecoin.com/login?referer=895809 **Join** **Lbry.tv** **to earn watching videos &** **Publish0x** **to earn while you read** https://lbry.tv/$/invite/@MindPuzzles:9 https://www.publish0x.com/?a=pmbk1p5ezJ **I use** **Brave** **and** **Presearch** **to earn BAT and PRE while surfing online?** https://brave.com/pvm417 https://presearch.org/signup?rid=1695040