{"id":374697,"date":"2019-03-14T20:00:16","date_gmt":"2019-03-14T20:00:16","guid":{"rendered":"https:\/\/uniquehot.com\/?p=374697"},"modified":"2019-03-14T14:37:07","modified_gmt":"2019-03-14T14:37:07","slug":"crypto-analyst-april-is-the-last-month-to-buy-cheap-btc-bitcoin-price-never-again-3k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/crypto-analyst-april-is-the-last-month-to-buy-cheap-btc-bitcoin-price-never-again-3k\/","title":{"rendered":"Crypto Analyst: April Is the Last Month to Buy Cheap BTC, Bitcoin Price Never Again $3K"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">As Bitcoin\u2019s current trading range tightens and price consolidates ahead of the next major trend-defining move, the entire crypto community is speculating on whether or not Bitcoin price may have bottomed or if there is <a href=\"https:\/\/uniquehot.com\/2019\/02\/21\/crypto-bear-market-bitcoin-btc\/\">more pain to come for BTC investors<\/a>.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">One prominent crypto trader and analyst is confident that <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> price will never again trade in the $3K range, and that April will be the last month to buy \u201ccheap BTC.\u201d<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">Bitcoin Price Bottoming Pattern Suggests Cheap BTC Ends This April<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">Volatility has all but disappeared in <a href=\"\/tag\/bitcoin-price\" rel=\"nofollow\">Bitcoin price<\/a> charts. When this happens, it typically indicates that an extremely violent move is incoming that could set the trend tone for weeks and even months to come.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The last time Bitcoin price went through an extended period of stability, was right before the powerful break of critical support at $6K that brought us to our current trading range. If the touch of the current bear market low of $3,150 was indeed the bottom, the next major movement could be up and send the first ever crypto back on a course of bullish expansion. But if price continues to trend downward, another 50% drop isn\u2019t out of the question.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Although prices may appear to be random (to some), they actually create repeating patterns and trends. <\/p>\n<p>Observing this pattern makes April the last month of cheap <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a>. <\/p>\n<p>And now, of course it will be cheap multiple times in the future, but never $3K cheap. <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> <a href=\"https:\/\/t.co\/LFGfJBYdnz\" rel=\"nofollow\">pic.twitter.com\/LFGfJBYdnz<\/a><\/p>\n<p>&mdash; Galaxy (@galaxyBTC) <a href=\"https:\/\/twitter.com\/galaxyBTC\/status\/03703041?ref_src=twsrc%5Etfw\" rel=\"nofollow\">March 13, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">One prominent cryptocurrency analyst, <a href=\"https:\/\/twitter.com\/galaxyBTC\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">GalaxyBTC<\/a>, however, expects the current trading range to expire starting in April 2019. The analyst\u2019s chart demonstrates the price structure of the previous Bitcoin bear market making three touches of a downtrend line that were violently rejected. After the third touch, BTC breaks through with gusto and reignites the next bull market with a slow, yet steady ascent.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/2019\/03\/01\/crypto-bitcoin-price-long-term\/\">Poll Reveals Majority of Crypto Investors See Bitcoin Price at $100,000 to Millions Long-Term<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">Comparing the <a href=\"https:\/\/uniquehot.com\/2019\/02\/21\/crypto-bear-market-bitcoin-btc\/\">current bear market BTC price structure<\/a>, the trader believes there will be a final rejection when Bitcoin touches the downtrend line once again in the coming days, followed by a final swing up that breaks through the downtrend resistance and restores confidence in the market.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The first touch of the downtrend was created when Bitcoin\u2019s parabolic advance was broken in late December 2017, and the most recent touch was when Bitcoin exploded below $6K. The third and final touch before breakout is expected any day according to GalaxyBTC\u2019s charts.<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">Bitcoin Price: BTC Never Again Below $3K<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">Not only does the trader expect the end of \u201ccheap BTC: to come to an end in April, which is only a mere month away at this point, the crypto analyst also believes that this marks the last time Bitcoin will ever trade in the $3K range.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">He further clarifies that while <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> will occasionally reach other price points that can be perceived as \u201ccheap,\u201d the price per BTC will never again be \u201c$3K cheap.\u201d<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/2019\/03\/13\/crypto-comeback-chart-altcoin-season\/\">Crypto Comeback: One Simple Chart Proves Altcoin Season Is Upon Us<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">Bitcoin\u2019s <a href=\"https:\/\/uniquehot.com\/2019\/02\/21\/crypto-bear-market-bitcoin-btc\/\">current bear market bottom<\/a> reached $3,150 and made a quick bounce. Since then, the price hasn\u2019t retested what appears to be the ultimate low, suggesting that those who missed out on buying that low will be <a href=\"https:\/\/uniquehot.com\/2019\/02\/13\/bitcoin-bottom-entire-btc\/\">forever waiting for their opportunity to buy the elusive BTC price bottom<\/a>.<\/span><\/p>\n<pre>Featured image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>As Bitcoin\u2019s current trading range tightens and price consolidates ahead of the next major trend-defining move, the entire crypto community is speculating on whether or not Bitcoin price may have bottomed or if there is more pain to come for BTC investors. One prominent crypto trader and analyst is confident that Bitcoin price will never again trade in the $3K range, and that April will be the last month to buy \u201ccheap BTC.\u201d Bitcoin Price Bottoming Pattern Suggests Cheap BTC Ends This April Volatility has all but disappeared in Bitcoin price charts. When this happens, it typically indicates that an extremely violent move is incoming that could set the trend tone for weeks and even months to come. The last time Bitcoin price went through an extended period of stability, was right before the powerful break of critical support at $6K that brought us to our current trading range. If the touch of the current bear market low of $3,150 was indeed the bottom, the next major movement could be up and send the first ever crypto back on a course of bullish expansion. But if price continues to trend downward, another 50% drop isn\u2019t out of the question. Although prices may appear to be random (to some), they actually create repeating patterns and trends. Observing this pattern makes April the last month of cheap $BTC. And now, of course it will be cheap multiple times in the future, but never $3K cheap. $BTC pic.twitter.com\/LFGfJBYdnz &mdash; Galaxy (@galaxyBTC) March 13, 2019 One prominent cryptocurrency analyst, GalaxyBTC, however, expects the current trading range to expire starting in April 2019. The analyst\u2019s chart demonstrates the price structure of the previous Bitcoin bear market making three touches of a downtrend line that were violently rejected. After the third touch, BTC breaks through with gusto and reignites the next bull market with a slow, yet steady ascent. Related Reading | Poll Reveals Majority of Crypto Investors See Bitcoin Price at $100,000 to Millions Long-Term Comparing the current bear market BTC price structure, the trader believes there will be a final rejection when Bitcoin touches the downtrend line once again in the coming days, followed by a final swing up that breaks through the downtrend resistance and restores confidence in the market. The first touch of the downtrend was created when Bitcoin\u2019s parabolic advance was broken in late December 2017, and the most recent touch was when Bitcoin exploded below $6K. The third and final touch before breakout is expected any day according to GalaxyBTC\u2019s charts. Bitcoin Price: BTC Never Again Below $3K Not only does the trader expect the end of \u201ccheap BTC: to come to an end in April, which is only a mere month away at this point, the crypto analyst also believes that this marks the last time Bitcoin will ever trade in the $3K range. He further clarifies that while Bitcoin will occasionally reach other price points that can be perceived as \u201ccheap,\u201d the price per BTC will never again be \u201c$3K cheap.\u201d Related Reading | Crypto Comeback: One Simple Chart Proves Altcoin Season Is Upon Us Bitcoin\u2019s current bear market bottom reached $3,150 and made a quick bounce. Since then, the price hasn\u2019t retested what appears to be the ultimate low, suggesting that those who missed out on buying that low will be forever waiting for their opportunity to buy the elusive BTC price bottom. Featured image from Shutterstock<\/p>\n","protected":false},"author":517,"featured_media":374699,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[5687,428,679,1119,29930],"class_list":["post-374697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bear-market","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-galaxybtc"],"acf":[],"yoast_head":"\n<title>Crypto Analyst: April Is the Last Month to Buy Cheap BTC, Bitcoin Price Never Again $3K<\/title>\n<meta name=\"description\" content=\"One prominent crypto analyst is confident that Bitcoin price will never again trade in the $3K range, and April will be the last month to buy \u201ccheap BTC.\u201d\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/crypto-analyst-april-is-the-last-month-to-buy-cheap-btc-bitcoin-price-never-again-3k\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Analyst: April Is the Last Month to Buy Cheap BTC, Bitcoin Price Never Again $3K\" \/>\n<meta property=\"og:description\" content=\"One prominent crypto analyst is confident that Bitcoin price will never again trade in the $3K range, and April will be the last month to buy \u201ccheap BTC.\u201d\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/crypto-analyst-april-is-the-last-month-to-buy-cheap-btc-bitcoin-price-never-again-3k\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-14T20:00:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-03-14T14:37:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/03\/bitcoin-price-btc-crypto-shutterstock_748676104.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"4928\" \/>\n\t<meta property=\"og:image:height\" content=\"3264\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;The Bull&quot; 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As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. 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