How many years should the Bitcoin rate is in 50 thousand dollars? Forecast analyst
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In 2018, has broken several important resistances and has become one of the worst assets for profitability. However, the analyst under the name Cane Island Crypto sees nothing wrong in the bear market. He encouraged all to look at things in a more global scale.
According to his technical analysis, Bitcoin is not going out of their parabolic uptrend even while «cryptogamy». The expert came to the conclusion that the main cryptocurrency will continue retraces her line and by 2022 will definitely rise in price at least to $ 50,000.
theMillennial bullrun
What is considered to be a bullish cycles actually can be a normal deviation from the parabolic uptrend. It has not lost its relevance since that time when 1 BTC was valued at $ 1. Moreover, Cane Island Crypto believes sharp rises of the price of the cryptocurrency «the manipulation of the exchanges».
Analyst has outlined several important goals for Bitcoin in the medium and long term. In his opinion, the asset will reach a value of $ 7800 by the end of 2019, a year later, BTC will rise up to 15 thousand dollars. If the trend continues for a long time, by 2022 Bitcoin will reach 52 thousand dollars.
Trader under the name MagicPoopCanon similar point of view. According to him, the main cryptocurrency for quite a long time is in logarithmic uptrend. And although most of 2019 Bitcoin will go in the range from 3000 to 5000 dollars in the long run we still have to bullrun until at least 150 thousand dollars.
When not manipulated by jack leg exchanges, 's price has followed a perfect parabolic trend. I know why this is and am writing a paper on it.
— Crypto Cane Island (@nsquaredcrypto)
However, for starters asset have resistance around $ 4,500. There are not so many tonight, Bitcoin is trading at 3935 dollar. For the past day coin rose 0.4 percent. To not miss any profitable trade positions, subscribe to our .
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