Having more accurately predicted Bitcoin (BTC)’s low and several key highs during the 2018 bear market, the crypto trader believes that BTC will record all-time highs this year despite the bearish action over the past two months. cryptocoin.com We are giving the details as…
Smart Contracter: Bitcoin can see these levels
Smart Contracter told his 203,400 Twitter followers that he thinks Bitcoin will hit a 52-week low in the coming weeks before hitting above $100,000 by the end of the year. The analyst uses the following statements:
In December, this situation was always in the back of my mind. Now it seems more like a field of possibilities. The point is: there’s a really wide range where BTC can still fall and sustain its macro bullish on a long enough timeline. Survive.
Looking at Smart Contracter’s chart, the crypto strategist appears to be tracking the market structure of Bitcoin’s Dow Jones Industrial Average (DJIA) between 1998 and 2012. During this period, the DJIA traded broadly before a parabolic eruption and its upswing ignited. While the crypto strategist is in a long-term bullish trend in BTC, he predicts that Bitcoin could drop below $30,000 before building any bullish momentum. The analyst says he is looking for a bottom at $25,800 with a gap of $1,000 on either side.
Back in 2018, Smart Contracter correctly predicted that BTC would make such a move before the flagship crypto asset fell below critical support at $6,000. The analyst also has other important forecasts, you can review our article to see the forecasts.
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