Time To Tiptoe Back To Bitcoin 是时侯再试回到比特币了

At December 2017 high, bitcoin is worth $19798. It then dropped to a low of $3156 by December 2018. That was a 84% drop in price. It has since stuck in a trading range between 3156 and recent high at 4198 . It is now trading at 3870. It is up trending now. Once it breaks this trading range, knowing the volatility of bitcoin, it would not surprise me if it go to $5600 quickly. Since it usually move fast, it may be a good idea to position part of the capital into it now and add more when it breaks out. A more convenient way to participate in bitcoin is ETF GBTC. It is trading at $4.65 now. Its trading range is $3.66 to $5.08. On a breakout, it has the potential to go to $6.5 and higher.
Followings are recent development that may help bitcoin price going higher:

。Twitter CEO Jack Dorsey revealed he has been maxing out his weekly $10000 bitcoin purchase. Mr Dorsey, who is also the founder and CEO of mobile payments company Square, has been a vocal advocate of the cryptocurrency since 2017 but had never before spoken about his own holdings.
。More institutions and pension funds are investing in Bitcoin.
。The Block reported Monday that coffee giant Starbucks SBUX had received significant equity in Bakkt, a newly formed digital asset ecosystem. In return, Starbucks stores are to install Bakkt software this year to allow coffee guzzlers to pay with bitcoin BTCUSD .

在2017年12月的高点，比特币价值为19798美元。然后在2018年12月跌至3156美元的低点。价格下跌了84％。此后它一直处于3156美元和近期高位4198美元的交易区间内。目前交易价格为3870。现在呈上升趋势。一旦它突破了这个交易区间，知道比特币的波动性，如果它快速达到5600美元不会让我感到惊讶。由于它通常的移动速度很快，因此现在将部分资本放入其中并在突破时添加更多资金可能是个好主意。另一个参与比特币的更方便的方式是买入比特币ETF GBTC。GBTC现在交易价格为4.65美元。其目前的交易区间为3.66美元至5.08美元。突破时，它有可能达到6.5美元甚至更高。以下是最近的一些发展可能有助于比特币价格走高：

。Twitter CEO Jack Dorsey透露他一直以每周10000美元限额在购买比特币。Dorsey先生，也是移动支付公司Square的创始人兼首席执行官，自2017年以来一直是加密货币的倡导者，但此前从未谈及他自己的持股。

。更多的机构和养老基金正在投资比特币。

。Block周一报道称，咖啡巨头星巴克（SBUX）已经获得了新成立的数字资产生态系统Bakkt的大量股权。作为回报，星巴克商店今年将安装Bakkt软件，允许咖啡用户使用比特币BTCUSD付款。