Bitcoin Q2 2019 Preview- A Resurgence in the Making

 Bitcoin's weekend rally that brought it's price above $4,100 with a more than 10% gain ended on Sunday after a massive selloff.  The volatile asset plummeted to $3,600 and has moved up beyond $3,800 on Monday.  The move is likely the result of Bitcoin longs realizing their gains after breaching the $3,900 resistance level.  Despite the rally retracement, Bitcoin looks like a winner in the second quarter of 2019 with several catalysts on the way and excellent technicals.  Bitcoin's current market cap is $68 billion dollars, with a Cryptocurrency Market dominance of >50%.  The total market cap of the Cryptocurrency Market is approximately $132 billion, down from an all time high of $800 billion in 2017.  Major coins including XRP, ADA, IOTA, and Ethereum are down 80-90% from their all time high, which occurred  in quarter 4 of 2017.  Bitcoin has been slammed by Warren Buffett as "rat poison squared" and the media as a sinking asset.  The bear market of 2018 was taken out of context, with former 18-month to 2-year bear cycles in which the asset lost 80-90% of its value left out of the conversation.  The negativity we see is purely psychological and does not take the bear market of 2013-2015 into account at all. The Spring of 2019 will be a positive for Bitcoin and the Cryptocurrency Market due to upcoming catalysts.  The continued strife in Venezuela, tokenization of games and investments on blockchain and institutional investment by Fidelity Investments will propel Bitcoin higher.  As we approach the end of an historic stock market bull run lasting 10-years, Bitcoin and the Cryptocurrency Market could pick up when a stock market decline begins.  We are long overdue for the correction due to global instability and rising interest rates.  The technicals of Bitcoin can be tracked here: https://www.tradingview.com/symbols/BTCUSD/ Bitcoin is currently sitting in the "buy" zone, with plenty of upside expected.  The analysts see Bitcoin as beginning a rally soon, and reaching $30,000-$60,000 by 2021.  The current low allows new investors to get in now and profit during the next bullish rally.  If previous trends hold, in which Bitcoin entered the golden cross pattern, Bitcoin could hit above $100,000/coin in 2021.  This would be an amazing return.  You can read more about the Bitcoin golden cross pattern that proceeds a bull market here: https://cryptoinsider-com.cdn.ampproject.org/v/s/cryptoinsider.com/bitcoin-headed-for-golden-cross-to-start-next-bull-run/amp/?amp_js_v=a2&_gsa=1&usqp=mq331AQCCAE%3D#referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fcryptoinsider.com%2Fbitcoin-headed-for-golden-cross-to-start-next-bull-run%2F Sources: https://www.newsbtc.com/2019/02/25/warren-buffet-bitcoin/amp/  https://coinmarketcap.com/currencies/bitcoin/ https://www.tradingview.com/symbols/BTCUSD/  https://ambcrypto-com.cdn.ampproject.org/v/s/ambcrypto.com/bitcoin-btc-price-prediction-cryptocurrency-to-reach-new-heights-by-end-of-2021/amp/?amp_js_v=a2&_gsa=1&usqp=mq331AQCCAE%3D#referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fambcrypto.com%2Fbitcoin-btc-price-prediction-cryptocurrency-to-reach-new-heights-by-end-of-2021%2F Origionally published in my Trybe account I own at: https://trybe.one/bitcoin-q2-2019-preview-a-resurgence-in-the-making/ Published in my Golos, Serey, Trybe, Bearshares, Whaleshares and Weku accounts I own.