Bitcoin has been on a crazy rollercoaster over the last 2 years! Many seem to think that the bear market is at its ends, after the latest shift in Bitcoin price momentum.
Bitcoin is current trading a little above $5,200. Earlier on Friday, Bitcoin had corrected lower to test $4,849 support. The area saw buying orders outrunning the selling ones, indicating that a majority of investors were in no mood to exit the bitcoin rally for a quick profit.
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Rager studied previous peak cycles, each testing a new higher high. He proceeded to apply time-and-gains economics to predict the next potential peak, which resulted in $150,000.
Rager also gave details as to what price levels Bitcoin would need to break to continue to gather bullish momentum.
That doesn’t go with out any sharp pullbacks. Many suspect bitcoin could face rejection in the near-term, but this does not invalidate Josh’s bullish thesis. Pullbacks are expected during accumulation periods, just have to be cautious of the
