Cryptocurrency Market Analysis [January 14 Issue]

Bitcoin is rising in the short term

.

Bitcoin 4-hour chart

In the 4-hour chart , the price is gap up and rising sharply

to the upside.

Last week it was around 800,000 yen,

including today's rise

it has surpassed 1,000,000 yen.

However, there is no major news on the near term

to speak of at the moment.

Regarding Iraq and US political instability,

it continues,

but there is no recent consensus that

this is a driving factor.

Also, the main event of 2020

the Bitcoin halving

is said to be moved up from May to April

and there is a view that

it has already been rising for about three months

in anticipation,

some think.

There is data showing that the price tends to rise before the halving,

so many people are considering this view.

I have long bought Bitcoin around 840,000 yen

and have held positions near that level,

so the recent price around 800,000 yen

has me mainly watching.

(If I hadn’t bought at 840,000 yen,

I would have deployed funds.)

【About cryptocurrencies in 2020

— Coinbase CEO】

The CEO of Coinbase,

the American exchange, Coinbase CEO Brian Armstrong's

2020 outlook was very interesting

so I will introduce it here.

）