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WHAT ABOUT BITCOIN'S NEXT RECORD LEVEL? CELEBRITY ANALYST EXPLAINED!
Josh Rager has announced his own prediction for Bitcoin (BTC).
Leading cryptocurrency Bitcoin (BTC) has certainly enjoyed a fairly bullish performance in 2019. While bitcoin's rise from $ 3,000 to $ 14,000 has led some to think the new record is coming, entry into 2020 with a price well below what was expected.
Bitcoin Price Forecasts Are An Exaggeration!
Despite this, bitcoin's rise to over $ 9,000 in as little as two weeks has prompted experts to issue new record close statements. Analyst Josh Rager, previously known for his successful predictions on Bitcoin, says some analysts are exaggerating this and are not saying a reasonable price.
A new record for Bitcoin is certainly possible, according to rager, but it might be a bit dreamy to express that this will go from $ 100,000, to $ 300,000 or even $ 1 million. Announcing his own estimate, the analyst underlined that the next record for Bitcoin could be between $ 75,000 and $ 85,000. Rager, who also based this on the basic chart seen below, suggested that BTC moves in cycles, with each cycle going down about 20% below the peak.