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The latest crypto analyst to share his theory on Bitcoin's future price is Robert Quantrillo, who asks himself if it could be possible for BTC to hit a price level between $150,000 and $200,000 by January 2020?
According to the crypto analyst, Quantrillo, the world's most popular cryptocurrency is currently showing extreme similarities with the 2012 bear market.
In the below chart, the analyst shows that BTC's price movements in 2012 were pretty much identical to its recent price behaviour, which could indicate, if this BTC's fractal plays out, then we can expect Bitcoin to hit a price level between $150,000 and $200,000 by January 2020, according to the analyst.
Bitcoin (BTC/USD)
— Roger Quantrillo (@rogerquantrillo) June 2, 2019
Bitcoin to 150'000-200'000$ by January 2020?
Was playing around with some longterm channels and this is what i came up with (not the first time). There are extreme similarities with the 2012 Bearmarket ..🧐
Short Re-Test of 6k next 2W?#bitcoin #btcusd #btc pic.twitter.com/cIqKnVmDb8
The crypto trader does admit in one of his replies that he likes to play with macro trend ideas from time to time, but usually treats them mostly as novelty, mainly because of the fact that they are just so far out into the future, which makes it difficult to take these predictions seriously in terms of accuracy.
However, as one enthusiastic crypto Twitter user pointed out: 'It would be a damn fun fractal to see play out.'
Just recently Chepicap reported that the bullish Quantrillo, tweeted that he sees no reason why Bitcoin eventually wouldn’t go 'straight to $14,000 or $15,000 or more in the next one to two months'.
Bitcoin (BTC/USD):
— Roger Quantrillo (@rogerquantrillo) May 30, 2019
Hmm..Major Bull toughts ...if we close the Month of May Above 8300$ ish, i see no reason why we eventually not go straight to 14-15k or more in the next 1-2Month..🧐#bitcoin #btcusd #btc #crypto pic.twitter.com/6YGX4LsTTw
Both very bullish sentiments, which are in strong contrast with another crypto analyst, going by the Twitter handle, Magic Poop Canon, who is predicting a nasty pullback for Bitcoin, which could take place by the beginning of October 2019, and bring us back to a $3,000 Bitcoin.
MPC is expecting Bitcoin to pullback 'violently' to December 2018 lows, by the beginning of October.
'I think as soon as we roll over, it's going to be very violent. In fact, I think it could be so violent, that we test or surpass the December low.'
'I have calculated the most likely date of that happening to be on October 9th', he said.
What do you think? Will BTC see $15,000 before it sees $3,000? Let us know in the poll below.
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