Bitcoin Hits $9k Once More – Recent BTC Rally Compared To 2017
Following the recent Bitcoin rally that took place a few days ago and boosted the king coin’s price towards $9,500, now, the most important digital asset out there managed to hit $9,000 once more.
At the moment of writing this article, Bitcoin is trading in the green and the digital asset is currently priced at $9,058.66.
Crypto analysts are expecting to see some massive price moves in the crypto space, considering that the halving event is just around the corner.
As you know, the Bitcoin halving is scheduled to take place on May 12.
Bullish comparison between the recent BTC rally and the 2017 one
An important crypto trader and analyst resurfaced and offered a bullish comparison between BTC’s recent price action and its historic 2017 rally.
The online publication the Daily Hodl mentions AngeloBTC, who is a self-proclaimed BTC whisperer and earned a reputation as a top trader on BitMEX.
A few days ago, he posted a chart on Twitter showing that BTC is currently knocking out bears all over the place.
— Angelo฿TC (@AngeloBTC) April 29, 2020
Angelo predicted a while ago that BTC is on a long-term trend toward $30,000.
“Crazy how they had to tank the stock market to shake people out before the halving. Crazy how we are still going to $30k.”
The same online publication mentioned above also brought up another known crypto whale who goes by the name Joe007.
He recently said that his short-term bearish case for BTC had been invalidated.
He also made sure to warn traders that there’s still a bearish case for the leading digital asset that could still emerge in the midterm.
In other news, there’s a Bitcoin model that was revealed by analyst PlanB.
We recommend that you check out his complete explanation in his post on Medium.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.