The Currency Analytics
By TCA PR
Next to BTC Parabolic Movement Will Lead to $100,000
Bitcoin’s Upward Momentum
About 4% of financial advisors in the US expect that the price of Bitcoin (BTC) has a great potential for a $100,000 level in the next few years.
While some crypto traders are bullish on BTC, there are also individuals who do not believe that the crypto-asset could survive the next five-year trading scenarios.
Meanwhile, a few analysts predicted that the leading cryptocurrency by market capitalization would get worse before it gets better prior to the upcoming having in May 2020.
On January 31st, the BTC/USD pair gained more than 30%. That gain made BTC as the second major investment this year, which is just behind Tesla.
Timeframes are used to determine the characteristics of a BTC bear or bull market. Using timeframes, analysts noted that the entire crypto market would witness the next parabolic…
Besides, BTC enthusiasts see that the next bull cycle target will be between $80,000 and $100,000.
Sure thing, no one would complain about the recent trading performance of Bitcoin. In fact, even those who have altcoins in their wallets celebrate the upward momentum of BTC…
Based on the current performance of BTC in the market, there’s no room for not being bullish to the crypto asset.
Crypto trader Galaxy said that the current BTC performance is just the beginning of a 1000% surge.
Since February 2019, the crypto trader has been telling the crypto enthusiasts that BTC can reach six figures, and it will happen sooner or later.
If you have been in the crypto space for a long time, Bitcoin isn’t a stranger when it comes to a parabolic run that goes beyond the standard technical analysis.
According to seasoned crypto trader Peter Brandt, traders can continue hoping for further BTC price surge. He noted that BTC would not bounce back to its past lows at$6,000.
At the time of writing, the BTC/USD pair is trading at $9,370, reaching the $9,450 local highs over the past 24 hours.