Bitcoin’s rise in value is has the entire cryptocommunity talking and, as each resistance level seems to be passing by, investors look to the next barrier that might be crossed. The price currently sits at just under the $6,300 mark.
Bitcoin is so bullish that we are about to rip through the space time continuum and go backwards in time. 🚀 pic.twitter.com/cHwlS49ObI
— Jacob Canfield (@JacobCanfield) May 9, 2019
Peter Brandt, a seasoned trader who correctly predicted the 80% drop in price in 2018, had said in April that it would not “surprise him if Bitcoin enters a new parabolic phase”,
Either from Dec '18 low or from retest of same (circa analog dbl bottom in 2015) it would not surprise me if $BTC enters a new parabolic phase. $btcusd pic.twitter.com/XV89Qz7P4n
— Peter Brandt (@PeterLBrandt) April 5, 2019
Indeed, things are looking good for the market in a time where many experts and analysts are predicting the arrival of a bull market. Fundstrat’s Tom Lee has given the arrival of a bull run a rough window of about 6 months, while Galaxy Digital CEO Mike Novogratz has said that it would not surprise him if bitcoin hit $20,000 in 18 months.
