Strengthening the position of Bitcoin creates the conditions for the emergence of more aggressive forecasts regarding the future dynamics of the movement of the coin.
Back in January, one of the analysts who wished to remain anonymous, successfully predicted the trajectory of Bitcoin from April to July. He said that BTC would first overcome the $ 5,300 mark, and by the middle of summer it would trade at $ 9,200 and was right.
In addition, the analyst predicted a cryptocurrency breakthrough to $ 16,000 by October 2019 and announced the continuation of a positive trend throughout the whole next year.
Year 2017 had a similar weekly candlestick set, up by 570% price increase over the next 147 days.
BTC price at ≈ $ 62K by the end of October 2019. #bitcoin $ BTC pic.twitter.com/M7NkHthY2M
– Galaxy (@galaxyBTC) June 17, 2019
However, in social networks from traders sound more aggressive statements about the prospects of the coin. One of the optimists, a trader under the nickname Galaxy, posted a tweet post in which he announced a bitcoin jerk to $ 62,000 by the end of October.
The forecast is initially perceived as fiction, but if you read the post of the analyst, then you can believe in it.
Galaxy said that in 2017 we observed a similar trend, which resulted in a 570% rise in Bitcoin over 147 days. If we take as a basis the schedule of the course of the two-year-old asset and project it on the current situation, then we can expect an increase in the price of Bitcoin to $ 62,000 by the end of October.
Many Twitter users find the trader’s forecast to be more or less realistic, but they doubt the possibility of such an aggressive jerk of the coin. But there are those who say that such forecasts are not based on anything, and publishing them on the network only aims to increase the number of subscribers.
Year 2017 had a similar weekly candlestick set, up by 570% price increase over the next 147 days.
BTC price at ≈ $ 62K by the end of October 2019. #bitcoin $ BTC pic.twitter.com/M7NkHthY2M
– Galaxy (@galaxyBTC) June 17, 2019
$ BTCUSD , 1W, log scale:
– ascending channel with multiple support / resistance points
– breakout above the channel
– became a support
– a bullish engulfing candle on this test
– a parabolic rise after that.
Bullish. $ BTC #bitcoin pic.twitter.com/DXyFyfqbkc– CryptoHamster (@CryptoHamsterIO) June 16, 2019
Publication date 19/06/2019
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