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Could this be the last chance to buy cheap Bitcoin before Bitcoin goes up and rallies? Earlier this week we heard Chamath Palihapitiya talk about a possible $1 million Bitcoin price. Robert Kiyosaki also said that he regrets not buying Bitcoin back in 2009 and that Bitcoin, along with precious metals, lie outside of the system.
If we examine the Bitcoin charts more closely we could see why Bitcoin could start going up from here and this could be where you should buy Bitcoin. We also compare Bitcoin to the S&P500 and show how Bitcoin and the equities markets (stock market) are correlated. The Bitcoin halving is also coming up which could mean that Bitcoin will start rallying from this point. The Bitcoin CME gap also shows a gap between $8400 and $8800 for Bitcoin. 95% of all CME gaps get filled so it is more than likely that the Bitcoin gap will get filled and Bitcoin will continue upwards.
#bitcoin #bitcoinprice #ChamathPalihapitiyaBitcoin
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