Invest in Cryptocurrencies: A Case Study of Syscoin’s Market Prospects

Key Article Points:

• Cryptocurrency market is likely to follow a four years cycle analogous with Bitcoin’s halving, leading to a comparison between 2019 and 2023, and 2020 and 2024.
• Syscoin (SYSBTC) is in a high low of a robust support range that was active in 2019 and 2020 before a significant 1,500%+ bullish wave. This range is being reactivated after a year of a strong, low-volume, bearish action.
• The end of the bearish wave could signify the start of a new trend.
• Following the bearish phase, a new bullish trend is expected to start.
• SYSBTC could shift from being extremely bearish to strongly bullish and potentially gain 515% mid-term with 3-4 times possible increase long-term.
• Current prices might signify a potential bottom, possibly a good entry point for investors.

Hot Take: A Glance at the Future of Cryptocurrency

Given the cyclical nature of cryptocurrency markets, it seems we may be nearing the end of a bearish phase and the beginning of a bullish trend. Syscoin (SYSBTC), in particular, shows promising potential, as it now begins moving within a high low after a year-long bearish cycle. If these trends continue, we could see significant gains in the crypto market in the coming weeks or months with SYSBTC possibly rising by as much as 515% in the mid-term. Yet, as always, the volatility of the crypto market warrants careful and calculated investments.

Disclaimer. The opinions expressed by our writers are their own and do not represent the views of JustInvestNews . The financial and market information provided on JustInvestNews is intended for informational purposes only. JustInvestNews is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Original article: https://www.tradingview.com/chart/SYSBTC/vi0J4TV4-Syscoin-Long-Term-Support-Range-Activated-515-1155/