According to Weiss Ratings' chief crypto currency analyst Juan, Bitcoin hit the bottom exactly 207 days ago on December 15, 2018 and is now the strongest bull market.
Juan Villaverde: “Bitcoin is a can be more parabolic. 19
According to CoinMarketCap, the BTC fell to $ 3,191. Then back
Jumped. And since then, BTC has often been moving at a higher speed: 26
It reached an intraday peak of $ 13,769 in June. Without a sharp correction
even then, it remained firmly over $ 10,000. According to the analyst,
Bitcoin can once again be parabolic.
Villaverde says that starting from 2011-2012, Bitcoin increased by 263 percent in the first phase of the bull market after hitting the bottom. But adds that BTC is still 77% away from the summit of the first phase.
Famous analyst: “The Bitcoin bull market could rise to $ 20,000 this year.”
Analyst Bitcoin 2014 He said that he spent twice as much time as in 2011 and that the bull market was much weaker than before. According to the analyst, BTC achieved a 91% increase before selling more than 30% in August 2015. Villaverde adds that the summit of the first phase is 70 percent below the previous historical summit.
The analyst, who discussed 2019, points out the strong train in Bitcoin. Villaverde adds that in the 2018-2019 bull market, BTC increased by 342 percent and that the peak of the first stage was only 30 percent below the previous historical peak. What if Bitcoin can maintain 2019 momentum? According to Villaverde, the BTC can even reach the all-time newest levels by the end of the year or at the beginning of 2020.
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