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Bitcoin Price Just Surpassed $9,000: It Means a Full-Blown Crypto Rally is Just Beginning
BTC price prediction models vary greatly but one analyst that has been correct on numerous occasions has plotted a path to $70,000 Bitcoin (BTC) by the end of the year.
Popular crypto twitter commentator, ‘Whale Panda’, pulled up a Bitcoin price prediction chart drawn back in 2018 by Tradingview user, PentarhUdi.
Despite being over 2 years old, PentarhUdi’s work predicted the BTC price movements to date flawlessly.
The crypto capitulation in December 2018 was predicted as BTC fell to $3,200.
The top of around $14k in the middle of last year was correctly called, as was the 50% pullback into the $6k region.
His prediction for Bitcoin price at the moment is spot on at just below $9k.
If that uncanny accuracy continues to apply Bitcoin should continue to climb throughout the year, breaking its all-time high in June just after the halving.
Following that, prices could blast all the way up to $70k by the end of 2020.
Several aspects could influence such a move including the BTC halving which many assert has not been factored into current prices.
Add to that the premise of further geopolitical and economic tensions and there is the recipe for a bull market. Once bitcoin reaches the five figure level again the FOMO will escalate and new capital should start flowing in.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.