It seems that more and more optimistic predctions are getting out about the price of Bitcoin these days. Check out the latest reports about the king coin’s price below.
Bitcoin to see parabolic surge
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $20,828.
A popular crypto strategist predicted a parabolic rally for Bitcoin this year now that BTC has broken a key psychological resistance at $20,000.
Pseudonymous analyst Credible said not too long ago that he believes the floor for Bitcoin this bear market is “officially” in.
“$21,500 has been breached on futures exchanges. Spot exchanges have hit just shy of $21,500 but I’ve seen what I need to. It’s ON. [The] bottom is officially in, in my opinion. Watch $18,000s for a pullback (if we get one).”
According to the top analyst, a move above $21,500 would signal a fresh bull market for BTC that can propel the king crypto to a fresh ATH really soon.
“And here we go… [The] next impulse has either begun or is imminent and BTC dominance is beginning to spike off the teal region as expected. Expecting a mega run in dominance as BTC rallies to a new all-time high over the next six months or so.”
He also said that Bitcoin’s current market structure appears to be flashing September 2020 vibes.
“It’s happening. Again.”
Bitcoin could mirror a successful price pattern
A popular crypto strategist says that the current Bitcoin (BTC) rally is mirroring a pattern that preceded the king crypto’s massive eruption in 2019.
Pseudonymous analyst Smart Contracter said not too long ago that Bitcoin is likely to dominate the crypto markets in a repeat performance of its 2019 burst.
“BTC finally broke its $18,400 horizontal highs. BTC dominance going on run and most conditioned to be all in alts. [Definitely] starting to feel more and more like an April 2019 moment every day.”