Bitcoin not Hitting 100k, 300k, 1M Now, Next High is 85k
Solomon Odunayo
Bitcoin
4 years ago
1 QCP
Bitcoin, the largest cryptocurrency by market capitalization has been experiencing price resurgence in the past few days.
BTC successfully surpassed $8,000 resistance to be priced around $8,900, strengthening the hope of seeing the digital currency trading above $9,000 resistance level anytime soon.
The past exorbitant predictions of $100,000, $300,000 and $1 million for BTC prompted Josh Rager’s reaction in one of his recent tweets as BTC indicates possible price uptrend consolidation, averring that Bitcoin’s next high is between $75,000 and $85,000, rather than the larger price predictions mentioned above.
The professional trader and analyst Josh Rager is famously known for his short-term technical analysis of the price trend of cryptocurrencies, especially Bitcoin (BTC).
As usual, he captioned an illustrative chart in the tweet, he then pointed out that the next Bitcoin peak high will be nothing close to what lots of analysts predicted. Rager then opined that Bitcoin (BTC) next high would hit $75,000 to $85,000.
He said, “BTC Unpopular Opinion: The next Bitcoin peak high will not be as high as most people think Lots of analysis out there point from $100k to $300k to $1M Simple rate of return will show you bottom to peak return reduces by around 20% each cycle IMO, next high hits $75k to $85k.”
https://heraldsheets.com/2020/01/17/bitcoin-not-hitting-100k-300k-1m-now-next-high-is-85k-josh-rager/
BTC successfully surpassed $8,000 resistance to be priced around $8,900, strengthening the hope of seeing the digital currency trading above $9,000 resistance level anytime soon.
The past exorbitant predictions of $100,000, $300,000 and $1 million for BTC prompted Josh Rager’s reaction in one of his recent tweets as BTC indicates possible price uptrend consolidation, averring that Bitcoin’s next high is between $75,000 and $85,000, rather than the larger price predictions mentioned above.
The professional trader and analyst Josh Rager is famously known for his short-term technical analysis of the price trend of cryptocurrencies, especially Bitcoin (BTC).
As usual, he captioned an illustrative chart in the tweet, he then pointed out that the next Bitcoin peak high will be nothing close to what lots of analysts predicted. Rager then opined that Bitcoin (BTC) next high would hit $75,000 to $85,000.
He said, “BTC Unpopular Opinion: The next Bitcoin peak high will not be as high as most people think Lots of analysis out there point from $100k to $300k to $1M Simple rate of return will show you bottom to peak return reduces by around 20% each cycle IMO, next high hits $75k to $85k.”
https://heraldsheets.com/2020/01/17/bitcoin-not-hitting-100k-300k-1m-now-next-high-is-85k-josh-rager/
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