Cryptonian
04/21 04:17
Bitcoin Could Explode by Over 50%
A widely followed crypto analyst is expressing bullish sentiment on Bitcoin (BTC) based on historical precedence.
In a new video, the anonymous host of InvestAnswers tells his 443,000 YouTube subscribers that Bitcoin could explode by about 54% from current levels to $45,000 if history repeats itself.
Referencing a chart published by crypto research firm K33 showing that Bitcoin is currently displaying a similar pattern to the one seen during the 2018/2019 bear market, the popular crypto strategist says that Bitcoin could hit the price target in about a month from now.
“If this pattern repeats and we get this level, where I added a little red arrow… that means that by May 20th or about a month from now we could be at $45,000 again.
After that, there’s a bit of a breather, a bit of sideways movement, a bit of consolidation.”
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