“If History Repeats, Bitcoin Could Rise To $333k”
While Bitcoin and cryptocurrencies are forcing many new investors to panic sell with the recent losses in value, according to Bobby Lee, one of the leading names in the crypto money market, the bottom point in Bitcoin is now near, and if the past price cycles repeat, new records will be set in Bitcoin.
Quoting his old message in his post on Twitter, Bobby Lee said that if the price cycle of the past repeats, the dominant bear market in Bitcoin may reduce the price of Bitcoin to $ 2,500 in January 2019.
Lee shared in his post that Bitcoin, which will strengthen with this bottom point, can start a new rally at the end of 2020, rise to $ 333 thousand at the end of 2021, and then bottom again with $ 41 thousand in January 2023;
If history repeats perfectly, then the current bear market for # Bitcoin would bo ttom out at $2,500 next month, in Jan 2019.
And then the next rally would start in late 2020, peak out in Dec 2021 at $333,000, and then crash back down to $41,000 in Jan 2023.
Something like that? https://t.co/M8ljIVnt73— Bobby Lee – Ballet: Simple & Elegant Wallet (@bobbyclee) December 7, 2018
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While Bobby Lee shares a forecast based on the past behavior of the market in price analysis, whether the cryptocurrency market will catch the cycle again is just a prediction.
40% of Bobby Lee Followers Bitcoin Thinks that Bitcoin will drop below $2,500
40 percent of over 4,000 followers answered the question in Bobby Lee’s post, “What do you think about Bitcoin’s bottoming out with $2,500 in January 2019?” While they stated that they thought that the dollar could go under, 27 percent of them agreed with this idea, while the rest stated that they agreed on the year or price. i.
Lee quoted users’ belief that Bitcoin will drop below $2,500 in Bitcoin price predictions, and shared that he would be really surprised if prices reach $2,000 again, and that he believes there are many buy orders between $2,500 and $3,000;
Apparently many people have voted that #Bitcoin will go below $2,500 in this bear market. I’ll be very surprised if it ever hits $2,000 again. I suspect there will be a lot of buy orders and support at both $3,000 and $2,500 mark. We will see! https://t.co/M8ljIVnt73
— Bobby Lee – Ballet: Simple & Elegant Wallet (@bobbyclee) December 8, 2018
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Bitcoin, the number one currency in the cryptocurrency market, is trading at $3.404 on CoinBase and 18.335 Turkish Liras on BTC Turk as of the time of publication.
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