Bitcoin is about to Rise- Calling a Q2 2019 Bullish Cryptocurrency Market
Bitcoin has held above its $3,900 resistance level all weekend, and looks to move higher. We are setup for a long Bull Market, as the Bitcoin reward halving will occur in 2020 and institutions are using and investing into more cryptocurrency projects. Bitcoin is currently sitting at $4,026 on Monday after rising $200 since last week.
Bitcoin's next resistance level is $4,400. There are a host of market catalysts that will propel Bitcoin and the Cryprocurrency Market in Quarter 2 of 2019. The Lightning Network is being used in a joint venture between Kraken and Bitmex to procure market and futures data using the Lightning Network to create micro transactions. An API for this service that interacts with the Lightning Network has been created, which is huge, and a micro transaction precident.
Bitcoin's halving is coming in 2020, with a historical run-up in price a year before-hand. Now is the time for Bitcoin to begin a run-up. My advice is to ignore current volatility in the Cryprocurrency Market and purchase until Bitocin hits it's resistance level of $4,400. Keep holding!
Sources:
https://coinmarketcap.com/currencies/bitcoin/