The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Tokenize Xchange. Every investment and trading move involves risk, you should conduct your own research when making a decision.
2019 is definitely a roller coaster year for the whole blockchain and cryptocurrency industry. We saw the winter at the end of 2018 lasting up to the first quarter of 2019 whereby the price of bitcoin dropped to as low as 3,000USD before it headed back to the 13,850USD high of this year.
During March this year, I have published a few interesting articles to accompany the community during the harsh winter season,
It did not disappoint as a strong rally took place less than a month after my article was published. What maybe comes unexpectedly is that we were never able to witness a new record high on bitcoin and altcoin price since 2017.
2019 is definitely a challenging year for bitcoin and alts holders as their alpha return generally lower compared to active traders who trade swing and captured 20–30% for every upswing and downswing.
However, I am still pretty bullish on the bitcoin outlook, I believe there will be a final long squeeze which might come in fast and furious before a parabolic rally happens and challenge the 2017 high which is 20,000USD level before hitting another record high.
Currently, the Bitcoin price is traded on a descending channel and looking to retest 6000USD level. Should 6000USD fail to hold, the price may attempt to challenge 4000USD level again. I believe the 4k to 6k zone will be a short retest before a short squeeze happen and push the price to above 6k.
As there is no major key development on the macro outlook on the industry, as well as not much breakthrough on the technical side, the market is awaiting good news before welcoming another parabolic rally.
For Tokenize, 2019 is a significant year as we are working to get the final approval in Malaysia. Also, in 2020 we are waiting to comply with upcoming Payment Service Act in Singapore.
We have also launched various interesting events this year to celebrate different occasions with our community. Parallelly, we are also working on many products to enhance the user journey of crypto investors during this slow downturn of the market, so they can continue to maximize their gain when the market continue its mega rally. One of them is our crypto earn program.
In 2020, we have more interesting products and development to empower our community and token holders, which we can’t wait to share them soon! One of them is definitely our mobile trading app where you can find in the apple store and play store in Jan 2020!
In addition, I would like to extend my gratitude to our community and to continue to show support to us. Your support is always the force and motivation behind the Tokenize team to propel forward and create better products and platform.
Last but not least, I would like to wish the community in advance, a Merry Christmas and Happy New Year.