Veteran Bitcoin (BTC) Trader Who Got 2019 Right Predicts $70,000 Price Tag in 2020

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Thu, 01/16/2020 - 18:01
Alex Dovbnya

The legendary Bitcoin trader who gets everything right expects Bitcoin (BTC) to see a massive bull run in 2020

Cover image via www.123rf.com
Contents

Sorry Asuka, there was one trader who actually got the whole 2019 right

TradingView user PentarhUdi (better known as "masterluc" on Bitcointalk) masterfully predicted Bitcoin's price action throughout the year. While analysts in the likes of Mike Novogratz and Tom Lee were calling for a new high by the end of the year, he actually managed to foresee a 50 percent correction that culminated in BTC plunging to the $6,500 level from its yearly high of $13,888 on Dec. 18, 2019.        

image by tradingview.com

If Bitcoin follows his chart during this year as well, 2020 is going to be a terrific year for the bulls. The BTC price could touch up to $70,000 by the end of this December.   

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Not his first rodeo  

PentarhUdi was considered to be a legend within the cryptocurrency community long before Bitcoin surpassed Donald Trump on Google Trends in December 2017. 

As early as in 2013, masterluc accurately called the end of the first Bitcoin bull market in December 2013 that was followed by an 80 percent rout. 

Back in August 2017, he also predicted that BTC could hit $15,000 by the end of 2017. This seemed like an unbelievable target for many naysayers, but the top cryptocurrency ended up outperforming his wild forecast.             

Related
Brian Kelly Is Bearish on Bitcoin (BTC) Despite 22 Percent Price Rally. Here's Why

High hopes  

The cryptocurrency space is already rife with uber-bullish predictions that actually make PentarhUdi's year-end price target seem rather plausible. As reported by U.Today, commodity trader Peter Brandt predicted "a moonshot" to $100,000.  

Many bulls believe that the upcoming reward halving will be a key catalyst for another glorious bull run. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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