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Jon Cotton, chief strategist at BCB Group, a cryptocurrency prime brokerage, agrees with the optimists who promise that in two years <a rel="nofollow" target="_blank" href="https://cryptocomes.com/blockchains-transparency-could-put-a-clear-sheen-on-dirty-politics">Bitcoin</a> will rise in price and even bet their own manhood on it.
<blockquote>
The man’s forecast is that by 2020 BTC may well reach the high of almost $30,000 with the possibility of coming to a low of $5,000 in September 2018.
</blockquote>
Anyway, that would be a good entry point for<a rel="nofollow" target="_blank" href="https://cryptocomes.com/institutional-investment-in-crypto-interview-with-lgo-markets-hugo-renaudin"> investors</a>.
<a rel="nofollow" target="_blank" href="https://cryptocomes.com/cryptotraders-ran-neuner-on-greed-crypto-market-cap-and-getting-off-blockchain">card</a>
The layout
Thursday Bitcoin broke through its 50-week moving average (MA)– an event which has not happened since 2014. Therefore, it seems that the chart patterns of that year are going to repeat themselves in a slightly bigger way.
Here is what Cotton thinks about the future BTC <a rel="nofollow" target="_blank" href="https://cryptocomes.com/guides/coins-guide/neo/how-to-trade-neo">market development.</a>
<ol dir="ltr">
<li>The 50 MA passed just below the 200 MA at the start of April 2018. That seemed like a typical bearish move. The analysis of the same signals on BTC back in 2014 and on the rates of traded <a rel="nofollow" target="_blank" href="https://cryptocomes.com/gold-traders-use-blockchain-to-revolutionize-industry">precious metals</a>, shares of the leading companies and market indexes brought a thought of possible BTC lows of $3,500-$4,000 later in 2018.
Besides, Bitcoin has taken the support level from its 50-week MA for the first time since 2014. Unless BTC succeeds in reaching $7,700 quickly, thus regaining its 50-week levels, then the chances of it taking this level later remain.</li>
<li>Based on the analysis of data since 2013, it is possible to conclude that the real average of the <a rel="nofollow" target="_blank" href="https://cryptocomes.com/10-best-cryptocurrency-and-blockchain-books-of-all-time">cryptocurrency</a> has grown for the past five years.</li>
<li>Providing that the current BTC <a rel="nofollow" target="_blank" href="https://cryptocomes.com/guides/coins-guide/lisk/how-to-trade-lisk">price scenario</a> keeps following its footsteps of 2014, the chances are that the asset will resume its long-term upward trend in Q3 2018. In this case, the rate of $19,000-$29,000 in January 2020 is highly possible.
However, if BTC moves higher than the support at the $7,700 level this week, it could mean that Bitcoin will just keep moving upwards at a higher pace. All in all, if we add some bearish elements to the above-mentioned scenario, it’ll look more realistic.</li>
</ol>
<a rel="nofollow" target="_blank" href="#">card</a>
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Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
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Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
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var div = divs[divs.length-1];
div.id = "placement_666696_"+plc666696;
AdButler.ads.push({handler: function(opt){ AdButler.register(183269, 666696, [336,280], 'placement_666696_'+opt.place, opt); }, opt: { place: plc666696++, keywords: abkw, domain: 'servedbyadbutler.com', click:'CLICK_MACRO_PLACEHOLDER' }});
})();
}
Jon Cotton, chief strategist at BCB Group, a cryptocurrency prime brokerage, agrees with the optimists who promise that in two years <a rel="nofollow" target="_blank" href="https://cryptocomes.com/blockchains-transparency-could-put-a-clear-sheen-on-dirty-politics">Bitcoin</a> will rise in price and even bet their own manhood on it.
<blockquote>
The man’s forecast is that by 2020 BTC may well reach the high of almost $30,000 with the possibility of coming to a low of $5,000 in September 2018.
</blockquote>
Anyway, that would be a good entry point for<a rel="nofollow" target="_blank" href="https://cryptocomes.com/institutional-investment-in-crypto-interview-with-lgo-markets-hugo-renaudin"> investors</a>.
<a rel="nofollow" target="_blank" href="https://cryptocomes.com/cryptotraders-ran-neuner-on-greed-crypto-market-cap-and-getting-off-blockchain">card</a>
The layout
Thursday Bitcoin broke through its 50-week moving average (MA)– an event which has not happened since 2014. Therefore, it seems that the chart patterns of that year are going to repeat themselves in a slightly bigger way.
Here is what Cotton thinks about the future BTC <a rel="nofollow" target="_blank" href="https://cryptocomes.com/guides/coins-guide/neo/how-to-trade-neo">market development.</a>
<ol dir="ltr">
<li>The 50 MA passed just below the 200 MA at the start of April 2018. That seemed like a typical bearish move. The analysis of the same signals on BTC back in 2014 and on the rates of traded <a rel="nofollow" target="_blank" href="https://cryptocomes.com/gold-traders-use-blockchain-to-revolutionize-industry">precious metals</a>, shares of the leading companies and market indexes brought a thought of possible BTC lows of $3,500-$4,000 later in 2018.
Besides, Bitcoin has taken the support level from its 50-week MA for the first time since 2014. Unless BTC succeeds in reaching $7,700 quickly, thus regaining its 50-week levels, then the chances of it taking this level later remain.</li>
<li>Based on the analysis of data since 2013, it is possible to conclude that the real average of the <a rel="nofollow" target="_blank" href="https://cryptocomes.com/10-best-cryptocurrency-and-blockchain-books-of-all-time">cryptocurrency</a> has grown for the past five years.</li>
<li>Providing that the current BTC <a rel="nofollow" target="_blank" href="https://cryptocomes.com/guides/coins-guide/lisk/how-to-trade-lisk">price scenario</a> keeps following its footsteps of 2014, the chances are that the asset will resume its long-term upward trend in Q3 2018. In this case, the rate of $19,000-$29,000 in January 2020 is highly possible.
However, if BTC moves higher than the support at the $7,700 level this week, it could mean that Bitcoin will just keep moving upwards at a higher pace. All in all, if we add some bearish elements to the above-mentioned scenario, it’ll look more realistic.</li>
</ol>
<a rel="nofollow" target="_blank" href="#">card</a>
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