Cryptocurrency Market Analysis [January 21 Issue]

＊A major financial site MoneyVoice

published an article about the 2020 cryptocurrency outlook

in MoneyVoice

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

Last week, Bitcoin

rose significantly.

It was priced around 890,000 yen,

and with a gap up on the 4-hour chart,

it temporarily surpassed 1,000,000 yen.

Previously

the issue between the United States and Iran

and Bitcoin's halving

were discussed.

The halving is said to occur around April or May,

and about three months prior

the current rise could be a prelude,

so if this is a peak, a decline could be seen around February

or so in the future.

In the chart I attached,

Bitcoin is around 900,000 yen

with horizontal and diagonal lines crossing

there,

which used to be a strong

resistance line, but now

it has been broken through

and moved to a higher price band.

From the levels of June and September last year,

the price of 1,000,000 yen is being eyed

as a potential level.

I bought Bitcoin at around 840,000 yen

in October,

so at present I am not buying Bitcoin,

but from November to December last year

there was a low-range market (750,000–800,000 yen),

so that could be considered a buying point.

It could be said.

Currently I would still wait to buy,

and wait for the price to settle before buying.

It seems better to wait.

【BitcoinSV surging】

BitcoinSV has

surged significantly.

This is a chart for the most recent three months.

For three months it hovered around 10,000 yen,

but suddenly rose to 50,000 yen.

With this surge, its market capitalization

moved from 10th to 5th place.

BitcoinSV is

a currency created by

Mr. Greg, who calls himself Nakamoto Satoshi

(the inventor of Bitcoin).

*He is probably not Nakamoto Satoshi.

AndSV clashes with Bitcoin Cash.

This surge is something that no one could have predicted.

BitcoinSV itself,

even now, as a currency,

has some functional strengths,

but

the community's

distrust is currently large,

making it difficult as an investment target.

In JapanSV cannot be bought,

but you can buy Bitcoin Cash, the opposing currency.

Bitcoin Cash is

developed by Roger Ver,

often called the god of Bitcoin.

His community is in Tokyo,

(The price increase rate is expected to be higher for currencies

than Bitcoin.)

Therefore, Bitcoin

Cash, which can be bought domestically,

is still a more promising investment target.

However, Roger Ver and OKWAVE’s

President Matsuda are on good terms,and they have co-authored books together,

so that is a personal consideration,

It is unfortunate... (the reason will be explained later.)

）