This Uncannily Accurate Bitcoin Chart from Dec. 2018 Predicts a New ATH in 2020/21

2020-1-18 17:42

Analyst ‘s post from Dec. 2, 2018, correctly predicts Bitcoin’s bottom and momentum in 2019

Bitcoin price is currently hovering around $9,000 after surging over 21% to date in 2020. With Bitcoin reward halving coming up in May 2020, investors are extremely excited to see if this historically bullish event will end up pushing BTC to the moon or as some commentators say a dump because halving is priced in.

According to an analysis posted by PentarhUdi on TradingView, Bitcoin price is onto a big rally that will see it hitting a new high by the end of this year. The post has garnered 133,200 views to date.

The analysis is his vision of Bitcoin's future price dynamics in the context of the broken time log trend. “Bitcoin lost its huge momentum to stay in this trend,” which he said was going to happen sooner or later.

Because as Bitcoin and blockchain technology gets adopted, it starts losing its “blowing popularity,” and leave the straight-style log trend. But all the while it continues to grow in SQRT-style trend more smoothly.

Posted on December 2nd, 2018 when Bitcoin was trading just above $4,000, the analysis called for a local bottom between $1,500 and $3,000 in that month. The world’s leading digital currency won’t be breaking previous lower low at $159, obviously, but he said, “it should be 4-digits,” in the coming weeks. On Dec. 15, we hit the low at about $3,200 level.

As BTC dropped fast, going from $6,400 to $3,200 in just over a month, he said it should bounce fast to retest the last $6,000 level and “log trend at around 10000-20000. 2019-2020 AD,” and “then it should fall back to ~6000 support. This should happen up to 2020 AD.”

Interestingly, he has been right this time as well with Bitcoin hitting $13,900 in June 2019 only to drop back to $6,500 level in mid-Dec. 2019. The next step he says is “Go to new highs. Beyond 2020 year.” Although the analysis calls for a $70,000 peak, he is calling for a new all-time high in 2020-21 without an exact figure.

In 2020 AD, he is expecting bitcoin to find its place in society and its price to become relatively stable in the mid-term but continue to slowly climb in the long term.

Bitcoin (BTC) Live Price 1 BTC/USD =$8,900.8473 change ~ 0.21%

Coin Market Cap

$161.71 Billion

24 Hour Volume

$7.25 Billion

24 Hour VWAP

$8.9 K

24 Hour Change

$18.9879 var single_widget_subscription = single_widget_subscription || []; single_widget_subscription.push("5~CCCAGG~BTC~USD");

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 68026.08 (+0.80%)
Объем 24H $12.725b
Изменеия 24h: 0.58 %, 7d: -1.38 %
Cегодня L: $67390.1 - H: $68026.08
Капитализация $1340.575b Rank 1
Цена в час новости $ 8895.91 (664.69%)

2020 bitcoin halving event pushing bullish historically

Источник: bitcoinexchangeguide.com

2020 bitcoin → Результатов: 126


Bitcoin's largest positive difficulty adjustment of 2020 and what it means for the price

As of 20 September, Bitcoin's difficulty has been adjusted by ~11.35%, with the hash rate subsequently hitting a new ATH of 143m TH/s. This was the largest positive adjustment in the year 2020, and itThe post Bitcoin's largest positive difficulty adjustment of 2020 and what it means for the price appeared first on AMBCrypto.

2020-9-20 16:30


Том Ли: биткоин обеспечивает лучшую из активов прибыльность в году

Биткоин в 2020 году является самым прибыльным активом в 2020 году, превосходя преследователей почти в два раза. Такие данные исследования привел сооснователь аналитической фирмы Fundstrat Том Ли. #Bitcoin Bitcoin is best performing asset class in 2020, beating Treasuries and Gold, both up an impressive +21%, +13% — Bitcoin top performer in 2019 — the ‘halvening’ […]

2020-5-12 10:32


Ведущая конференция Bitcoin 2020 отменена из-за вспышки коронавируса

Одна из крупнейших биткоин-конференций Bitcoin 2020 в Сан-Франциско должна была состояться в конце марта, однако из-за коронавируса перенесена на третий квартал этого года. An important announcement regarding Bitcoin 2020.

2020-3-7 11:37


Guide on How to Earn Your First Bitcoin in 2020

Guide on How to Earn Your First Bitcoin in 2020 The year 2020 is just too great for Bitcoin: from the beginning of the year, Bitcoin is up more than 30%, meanwhile crypto investors argue on Twitter, how far the world’s main cryptocurrency will go and whether 2020 will be a new record year for […] The post Guide on How to Earn Your First Bitcoin in 2020 appeared first on BeInCrypto.

2020-2-20 08:26


Фото:

Will Bitcoin Enter 2020 on a Bullish Note?

Bitcoin price went through a pre-Christmas rally, with prices vaulting the $7,500 level. BTC also saw a collection of factors that suggest 2020 may start on a bullish note. Bitcoin Price Avoided Crash to $5,000, For Now BTC, previously expecting to lag around $6,500 and slide further in early 2020, saw a relief rally late on Sunday, which erased the previous losses.

2019-12-23 11:05


Крупный немецкий банк предсказал цену биткоина в 2020 году

Один из крупнейших банков ФРГ Bayerische Landesbank (BayernLB) опубликовал исследование, в котором предсказал цену биткоина в 2020 году на основании соотношения резервов и прироста и моделей Сейфедина Аммуса и популярного аналитика Plan B.

2019-10-2 22:45


Analyst Projects $55,000 Price for Bitcoin by 2020. Is this Possible?

Bitcoin (BTC) has been slow at surging above $4,000 although it has also managed to maintain its position there. This has made it hard to tell if it will be going up or down the next minute. However, a renowned analyst has projected that BTC will hit $55,000 by 2020 when the halving of its […] The post Analyst Projects $55,000 Price for Bitcoin by 2020. Is this Possible? appeared first on ZyCrypto.

2019-3-29 01:11


Need a Bitcoin Booster? As Andrew Yang’s Presidency Picks Up, Could He Be the Bear Market Breaker?

Andrew Yang is well-liked by the crypto community, considering his pro-Bitcoin stance that he is taking to his candidacy for the presidential election in the 2020 election year. Planning to run as a Democratic candidate, Yang has described himself as a “serial entrepreneur,” positioning himself as the “opposite” of current US President Donald Trump. Yang […]

2019-3-23 04:48


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru