This prediction made possible by transposing a similar pattern from the previous bear market. Assumptions that 1.) the bottom is not in yet at $3,200 and 2.) The next ATH will be at the end of 2021 when everyone is talking about Bitcoin at the holiday family gatherings like in 2017. If the forking of Bitcoin Cash to BSV caused the price of Bitcoin to go fro $6k to $3.2k then there may still be a possibility Craig Wright could sell his Bitcoins just to drop the price of Bitcoin in retaliation to having BSV being delisted from Binance and other exchanges. Conspiracy theories aside, there is also some chart TA that can also show we may capitulate to $1,800 with support at $2,550 before we break resistence at $3.2k and start the next bull run. All being said…. I am still going to dollar cost average in at every chance I can get. The Bitcoin fundamentals are stronger than ever, instituional money is already here, and buying Bitcoin has never been easier with a simple touch from your smart phone. It would not surprise me if the next ATH comes sooner rather than later.
Published at Tue, 16 Apr 2019 18:50:42 +0000