{"id":413026,"date":"2020-01-01T05:00:11","date_gmt":"2020-01-01T05:00:11","guid":{"rendered":"https:\/\/uniquehot.com\/?p=413026"},"modified":"2024-06-11T10:32:53","modified_gmt":"2024-06-11T10:32:53","slug":"analyst-predicted-bitcoins-3000-2018-bottom-says-this-next","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/analyst-predicted-bitcoins-3000-2018-bottom-says-this-next\/","title":{"rendered":"Analyst Who Predicted Bitcoin’s $3,000 2018 Bottom Says This is Next"},"content":{"rendered":"

At the start of 2018, everyone thought Bitcoin was going to the moon, so to speak. 2017 saw the price of BTC surge by thousands of percent, boosted by retail inflows which itself was caused by the hype around altcoins like Ethereum<\/a>.<\/p>\n

Thus, when Bitcoin began to rapidly tumble<\/a> in the months that followed January 2018, analysts began to worry. By around April, it became clear the cryptocurrency market had reentered a bearish state.<\/p>\n

But the following question remained: how far would digital assets drop?<\/p>\n

Of course, everyone had their speculations \u2014 some said $1,000, others said $8,000. One cryptocurrency trader, SmartContracter, wrote<\/a> in June 2018 that he is “calling a bottom at exactly $3,200, with a $200 leeway on either side.”<\/p>\n

In December of that same year, he was proven right, with Bitcoin falling to that level to only bounce, a move that eventually led the cryptocurrency back to a bull market.<\/p>\n

SmartContracter<\/a> is back, issuing a prediction via Twitter.<\/p>\n

Bitcoin To Explode Above $10,000, and Fast: Eerily Accurate Analyst Says<\/h2>\n
In a tweet published<\/a> Friday, the eerily accurate Bitcoin trader issued a look at his macro point of view for the leading cryptocurrency.<\/p>\n
The chart attached to the tweet indicated that Bitcoin is currently forming a five-wave rise from the $6,000s, thus “breaking [a] key downtrend.” He added that considering the rally from the 2018 bottom at $3,150 \u2014 which he called \u2014 was also five waves, he expects for this bull run to continue into 2020.<\/p>\n
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took a much needed couple days off to clear the head.<\/p>\n
from a macro POV we can see a very clear 5 wave rise from the 6k lows breaking key down trend.<\/p>\n
considering the rise from the 2018 lows was also 5 waves we would expect this next bull run to at minimum break the 14k highs \ud83d\udc02 pic.twitter.com\/KtadWBqBoX<\/a><\/p>\n
— Bluntz (@Bluntz_Capital) January 31, 2020<\/a><\/p><\/blockquote>\n