BTC is on track to hit its all-time high
What was BTC’s purpose?
When Bitcoin was first introduced to the world, it was marketed as being:
- The new ‘Digital Gold’
- A good competitor to USD and classic gold
- The single competitor to classic assets
- The only thing not influenced by the stock market
- The future of assets
We all know that in the past year, this was not the case. In fact, it was quite the opposite. Bitcoin’s price has followed the tech stock market more closely than expected, as have a high number of crypto projects.
This has finally changed! While the stock market plummeted, BTC was consolidating and broke out with confidence and power. This rise is somehow identical to what happened at the end of September.
Why is this change happening now?
In times of crisis, financial sectors and individuals try to protect their assets. Due to the geopolitical tension brought on by Russia’s war with Ukraine, the world has understood that Bitcoin and the crypto market are here to stay.
Bitcoin knows no borders, politics, religion or personal habits. Therefore, in just the past week, from 28 February to 4 March, we have all seen a significant increase in transactions from Russia, Ukraine and around the world.
How long will Bitcoin’s uptrend last?
Even if the war ends, the whole world has seen Bitcoin’s true utility, and its adoption will grow even more.
For Bitcoin, 2022 looks to be a promising year: more countries are considering adopting it since it offers security and reliability.
Is it a good time to buy?
Considering the chart history, BTC is on its way to $60,000 and perhaps even higher. Let’s take a look at the charts:
The type of upwards spikes we see on the chart are similar to what happened in January and August 2021.
- The Awesome Oscillator Indicator has reversed to +3, the first positive lines in the last three weeks.
- The crossover of the 9-day and 26-day EMAs formed again on 2 March.
All three of these indicators, as well as Bitcoin’s break from the tech industry, can launch BTC to its new all-time high.
How to Trade and Invest with StormGain
Potential profit based on the last 12 months:
Current price: $41,000-$43,000
All-time high: $69,200 (40-45% potential profit)
Potential profit on StormGain (without leverage): $400-$450 return with a $1000 investment.
Potential profit on StormGain:
(1:30 leverage): $12,000 with a $1000 investment.
(1:10 leverage): $4000 return with a $1000 Investment.
(1:5 leverage): $2000 return with a $1000 investment.