Bitcoin Changing Over Time To Being A Preservation Of Wealth And Storing Value

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It’s been observed that bitcoin it’s now in the position of playing a medium of wealth preservation now than it was previously, as a popular analyst in he’s tweet says that “bitcoin won’t make anyone rich has it did before in the passed few years”.
He continued by saying bitcoin is preserved as an store of value and wealth, as he advised that People shouldn’t be buying Bitcoin to get rich any longer. That boat has sailed. Bitcoin is now for wealth preservation, attractive risk-adjusted returns, trading, and hedging against the fiat system.

Here are some reasons which he listed during he’s closing tweet which he said that he remains bullish about bitcoin and gave he’s price projection about bitcoin next bullish cycle which he’s projection is hovering around $150,000.

• multi-months long consolidation
• momentum indicators turning
• a bottom with max historical volume
• higher low on very high volume
• engulfing candle on even higher volume
• bounce off the 200 DMA
• top of range coincides with 200 wma
• air pocket volume wise above.

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