The cryptocurrency community is confident in the long term digital assets. So, the founder of Bitcoin Trade Group, who appears on Twitter as $ carface, which is one of the three leading traders of his organization, believes that the next “bullish” bitcoin market will rise in price to at least 102 thousand dollars, and at most – grow up to 336 thousand dollars.
Justifying his point of view, he recalls that "whenever Bitcoin became cheaper by more than 70% compared with the peak value in the cycle, the next“ top of the head ”turned out to be 5.1-16.89 times higher than the previous maximum” .
He proposes, “to take the risk, to quit“ the eagle or tails ”and still buy bitcoin, ” considering how inexpensive it is compared to the maximum expected in the future.
Each time Bitcoin has crashed 70% + the following cycle peak has been 5.1-16.89 times higher than the previous.
If that happens again, it will be roughly $ 102,000 – $ 336,000.
Roll the dice & take the risk – Buy Bitcoin.
– $ carface (@TraderScarface) March 2, 2019
At the same time, he gave an insight into the history of Bitcoin's cyclical fluctuations over the past eight years, and concluded: every time the cryptocurrency goes down, those who begin to vigorously say that “everything is lost” are activated. And it has been repeatedly, so that the current "funeral" of Bitcoin, which also "run through" in the business media, is no longer surprising.
2018 – “Is Bitcoin Going To Zero?” – @Forbes | $ 3,432
“It can't go quietly, but it’s not possible.” Future generations will be a textbook and it will be a bit interesting. ” Pic.twitter.com/i2RuARhuDj
– $ carface (@TraderScarface) March 2, 2019
For example, in 2013, when Bitcoin was worth $ 110.68, the business edition of Business Insider wrote “Game Over, Bitcoin”.
2013 – “Game Over, Bitcoin” – @businessinsider | $ 110.68
“It’s steady & inexorable decline. So what now? It will crash & disappear like https://t.co/OjKZZ43XyW & Lehman Brothers, existing only in the memories of Economists " pic.twitter.com/KbAXSbqnw1
– $ carface (@TraderScarface) March 2, 2019
Meanwhile, it is worth noting that the fact that cryptocurrency should not be “buried,” Russian Prime Minister Dmitry Medvedev said in January.
The cryptocurrency community is increasingly beginning to behave according to new standards: there remains a big uncertainty about where the market will go in the coming months, and even a year, but the fact that in the future we are waiting for a significant rebound – there is an increasingly obvious consensus on this topic.
For my long term view, I’m going to go to at least $ 100,000 within four years. I think it could even reach $ 150,000 in that time. Eventually, I believe it could surpass $ 1,000,000. BTC going in the long term?
– MAGIC (@MagicPoopCannon) February 26, 2019
This fact confirms the survey conducted by a Texas expert in technical analysis of cryptocurrency. 72% of respondents are confident that in the next phase of the growth of the market, Bitcoin will update the historical maximum, and almost every second is convinced that this will be at least $ 100,000 at the price of Bitcoin .
Publication date 05/03/2019
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