Despite the massive volatility in the crypto space, there are all kinds of optimistic prediciotns about the price of Bitcoin. Check out the latest one below, coming from an important analyst who managed to nail the trajectory of the king coin this year.
New BTC prediction is out
At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $20,195.
The analyst addressed Bitcoin (BTC) flash crash and ongoing altcoin pump.
The pseudonymous crypto trader known as Capotalks about the new plan for king crypto BTC.
“BTC plan”
The online publication the Daily Hodl notes that, going into deeper detail with the BTC plan chart, Capo predicts that the BTC will consolidate around $21,500.
“If BTC goes higher than $21,500, he expects it to consolidate around $23,000 before reaching heights of $24,000-$25,000. However, if BTC drops below $21,500, Capo sees this as a bearish confirmation.”
New BTC prediciton for the next 4 months
The pseudonymous trader known as Kaleo said that the opportunity to purchase Bitcoin under $20,000 wouldn’t last long.
“Every day Bitcoin is under $20,000 is a gift. That being said, three-plus months of Christmas feels like more than enough. Send it with haste.”
Kaleo uses inverted price charts to compare Bitcoin’s bottoming process of 2018 to the one of the last year.
According to the closely followed trader, both cycles are very similar. It’s been revealed that they are supporting the idea that BTC has already bottomed and is getting close to a bull run.
“Just a reminder – I still believe the bottom is in. Here’s one more look at the 2021 ATH (all time high) cycle vs. 2017 ATH cycle. Up is imminent.”
The crypto adoption continues to go great, and despite the massive crypto price volatility, there are more important institutions who are hopping into the crypto wagon.
