Cryptocurrency market analysis 【January 7 issue】

＊Mercari app's

MercPay offers registration (1000 yen)

and Smart Pay (2000 yen)

to receive up to 3000 yen worth of points

for free.

Since I generally paid with electronic money,

the free points from MercPay are convenient.

https://bitcoin-newstart.com/merupay

Happy New Year.

I look forward to your continued support this year.

This will be the first 메르마が (newsletter) of the year.

This is the first issue of the year.

【An article has been published on a major financial site.】

This time, I am pleased that

an article about the 2020 outlook for cryptocurrencies was published on Money Voice, a major financial site.

https://www.mag2.com/p/money/877580

As I mentioned last week,

looking back at where I made profits last year,

I had invested in currencies in the first half of 2019.

And by the end of June 2019,

there was a significant rise, with many currencies

rising two to three times.

However, by the end of that year, the declines varied by currency,

Bitcoin rose to around 800,000 yen

from the previous year's 400,000 yen,

so some currencies increased twofold,

but others, like Ripple, fell below their early-2019 levels.

Although I did take partial profits from some short-term trades, I mostly held for mid- to long-term investment.

Additionally,in 2018,ICO coins were purchased,

Cosplay Token. And

for trading on the exchange BTCNEXT,the exchange token

BNX rose up to almost three times after release,

but now is below the amount I bought.

BNX has had partial profits realized, but some remains

held.

With projects like BTCNEXT where trust in the operation is unclear,

I felt that it is sometimes necessary to realize profits locally in the short term.

However, I do not think prices will not rise in the future, so I am holding.

What price level

and how much to realize

depends on whether the project can be operated in the mid- to long term and the content of the project.

As I said earlier, the profitable market of 2019 was not necessarily a year for easy gains;

I think there were cases where more aggressive profit-taking was necessary.

(Although this is hindsight,)

Money Voice presents

the outlook for 2020 and

news from 2019 and 2020 in the cryptocurrency industry.

The main event in the first half of 2020 is

Bitcoin halving in May.

Before the halving, I would like to observe market opportunities

and consider deploying funds.

【Bitcoin movement since last week】

Bitcoin rose from the high 700,000s to

the 800,000 level and surpassed it.

Bitcoin daily chart

In the short term, it fluctuates around 750,000 to 850,000

and is in a range,

with 750,000 acting as a major support line

resistance now.

The reason for the slight rise is

that during the New Year holidays,

the U.S. military reportedly targeted the car carrying Iranian General Soleimani,

leading to Twitter trends about the Third World War.

As a result, crude oil rose, the yen strengthened,

the Dow slightly fell, and gold prices rose.

Bitcoin began to trend upward gradually as well.

In recent days,

the price of gold has risen more than Bitcoin, which has been a topic of discussion.

It seems to be turning out that way.

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