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November 21, 2020

$100,000 Bitcoin Imminent - This Time The Rally is Different

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                Key Takeawaysn            </p>        n                <ul>n                        <li>n                                    2017 Bull Market was propelled by retail investors looking for quick gains and easy ways to get rich.  n                                </li>n                            <li>n                                    2020 Bull Run: Propelled by institutional investors having come to full understanding of the idea about bitcoin as seen in the embrace of the likes of Paypal, Square, Sachs, etc.n                                </li>n                    </ul>n                        <a href="http://t.me/niclaxfx" >n                Get Free  analysis us on telegram               </a>n                        <figure>n                                        <a href="/images/2020/11/Bitcoin-Chart-Analysis.png">n                        <img width="1600" height="1029" src="/images/2020/11/Bitcoin-Chart-Analysis.png" alt="" />                               </a>n                                        <figcaption>THE BITCOIN MARKET CYCLE</figcaption>n                                    </figure>n    <p>The current bull market of 2020-2021 is completely different from the last bull market of 2016-2017 though the technical chart analysis shows quite a lot of similarities however the fundamentals backing it up are completely distinct.n
nnLet's highlight some key fundamental differences below.nn2017 Bull Run: Propelled by retail investors looking for quick gains and easy ways to get rich.nn2020 Bull Run: Propelled by institutional investors having come to full understanding of the idea about bitcoin as seen in the embrace of the likes of Paypal, Square, Sachs, etc.nn2017 Bull Run: ICO Scams, hacked exchanges and high peak of Fraudnn2020 Bull Run: National acceptance as seen in the removal of bans, more regulatory bodies, Taxable asset, etc. Real-world crypto implementation, quality projects, more crypto security and exchange reliability.nn2017 Bull Run: Less recognition, several bans and no national acceptance.nn2020 Bull Run: Full recognition as a store of value and a hedge against inflation(as seen by Goldman Sachs, JP Morgan, Citibank, Grayscale,etc).nn2017 Bull Run: Limited options for crypto purchases and access to bitcoinnn2020 Bull Run: Unlimited options to purchase bitcoin and cryptos, as the likes of Paypal, Binance, Simplex, bitcoin ATMs and so much more availabilities...nnConsidering the solid fundamentals backing up the 2020 rally and not just the regular online hypes and shilling. This time around the rally will be nothing like we have ever seen a mega change is about to happen HODL your lots folksnnThere's just 16million of this.nn? Trend Resistance R1: $20,000
? Trend Support S1:  $16,000
?? Key Resistance R1: $25,000
? Key Support S1:  $13,000
?? Trend Indication: Bullish


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n DisclaimernnDisclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. NiclaxFX (NFX), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.nn

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