Luke Martin, crypto trader and analyst, founder of The Coinist Daily research service, ‘announced’ that one old traders’ motto still works in 2020.
Buy the Bitcoin (BTC) dip in 2020
Mr. Martin shared his positive forecast on the TradingView chart. He suggests that January 7, 2020 was the date of the green reversal.
Pleased to announce that buying the $BTC dip works in 2020.— Luke Martin (@VentureCoinist) January 14, 2020
Next play that interests me is a daily close above 8600. If that can happen I would expect further expansion to 9100. pic.twitter.com/lwe3jeem29
The ongoing bullish rally is therefore a part of the process that started one week ago when the BTC price was $7,520 or 14,6% lower than today.
$9,100 is only one milestone away
Moreover, Bitcoin (BTC) may soon break to a two-month high. According to Mr. Martin, Bitcoin (BTC) only needs to hold the $8,600 level by the end of the day. If this occurs, we should get prepared for $9,100 for BTC.
The last time Bitcoin (BTC) traded above $9,000 was on November 11, 2019, or nine weeks ago.
Have you already shorted your Bitcoin (BTC) funds? Be honest in the Comments section!