Is Bitcoin ready for the Bull Market?

A week of consolidation ended with a ripping Bitcoin breakout toward $12,260 at the time of writing.

Bitcoin’s move into the $12,000 range cannot be underestimated in the scheme of where we are in this market cycle. Since our fall below $10,000, the climb back into this area has been slow but steady and shows we are in a clear bull trend. $12,000 was tested back in August and provided very strong resistance – once this level is cleared, the path to a $14,000 will be within reach. Bears will be desperate to kill this rally here or at $12,000, where we would print a lower higher on the daily and potentially spell the extent of this bull move with a short-term retracement to $11,300 likely.

The bulls are in control and the macro events outside of crypto are pointing toward a positive end of 2020 for Bitcoin. However, the landmine for markets ahead could well be the US election, which has the ability to rock markets across the board so be prepared for volatility as we approach November.

Of note, the often talked about correlation with US Stocks diverged today as BTC rose and stocks took a dive. Watch this over the coming weeks with interest.

As BTC builds…Stellar was a big mover up 10%, Waves up 14%, and Ampleforth was up 17% over 7-days.

This is the time to choose very carefully how to invest your money.

How does a Trading Bot works?

With an investment of only $19 per month, you can set up an automated bot that will operate in your Exchange Account.

The money is 100% under your control. BrozBot cannot access or withdraw your funds.

To integrate BrozBot with your Exchange and start trading is an easy process. You need to register on an exchange, create your API credentials, add those credentials into your BrozBot account and activate your first robot by selecting the best strategy that matches your trading style.

After your Robot is active you can monitor everything from your computer or smartphone.

Now it’s your turn, go to https://brozbot.com , give it a try and share your experience with our community at www.facebook.com/groups/brozbot