newslogical.com
The currency out play of Bitcoin has left many with no option than to believe that a bullish run is close ahead for the cryptocurrency and the entire market. In less than 15 days, Bitcoin moved from $10,000 to $12,000, and this happened post the quadrennial halving event.
In line with the positive performance of BTC, Bitcoin trader and experienced analysts with pseudonym NebraskanGooner said the present fractal is wide.
NebraskanGooner is a prominent analyst with a Pro tag on TradingView. He was able to observe this by removing some small part of the 2014 accumulation period and made a comparison with the present trend.
The analyst further suggested that the present flight presented by Bitcoin indicates a move to $14,000. However, after reaching $14K, a slope downward to $9.5k area would take place, giving people accumulation opportunities. Afterward, Bitcoin will rise to $200,000 by the end of 2021.
Trader NebraskanGooner captioned a graph showing the trend for his prediction. According to the chart, Bitcoin is deemed to reach $14,000 latest by September or October.
The currency outplay of Bitcoin has left many with no option than to believe that a bullish run is close ahead for the cryptocurrency and the entire market. In less than 15 days, Bitcoin moved from $10,000 to $12,000, and this happened to post the quadrennial halving event.
In line with the positive performance of BTC, Bitcoin trader and experienced analysts with pseudonym NebraskanGooner said the present fractal is wide.
The analyst/trader said these fractals are almost identical to the 2014 accumulation period.
Trader NebraskanGooner captioned a graph showing the trend for his prediction. According to the chart, Bitcoin is deemed to reach $14,000 latest by September or October.
NebraskanGooner is known for his experience in the crypto and blockchain industry. He has created and co-founded a number of crypto trading and investment projects like; Elevate Trading, Bingbon, and Level Investimentos.
Earlier in September 2018, the prominent chartist tweeted that for those who can be patient, Bitcoin is certainly going to witness parabolic run, and by the end of 2021, the cryptocurrency would be priced around $200,000.
In January, NebraskanGooner also commented on Bitcoin’s performance in the market, forecasting that BTC is likely going to stay within the $7.8k and $9.6k that month, and that actually played out.
Bitcoin ended the month of January at $9,300 per unit value against the US Dollar.
He also positioned a bearish look for Bitcoin in February and BTC went to as low as $8,700 that month, reaching $4,000 in March.