A cryptocurrency analyst thinks that the price of Bitcoin could fly soon.
It is a big curiosity for the direction of Bitcoin price, which has been in the range of 9 thousand-10 thousand dollars for a few days. Although Bitcoin has been trying to exceed the $ 10,000 threshold for some time now, it has not been successful in these efforts for now.
A cryptocurrency analyst named Nunya Bizniz shared an analysis that could please these investors. Reminding us of the developments in the crypto money market in the past years, Bizniz says that this can happen again.
Ready to Flight?
Nunya Bizn shared two charts, one from 2015 and one from the past. According to his statements, Bitcoin’s 50 and 200-day moving averages now look just like in 2015. And Bitcoin experienced a 6400% increase after this happened in 2015.
“Bitcoin’s daily chart: We saw that the golden cross, death cross and golden cross cycle was completed within 100 days for the first time since 2015. The price had increased by 6400% after this happened. ”
A similar bullish comment was recently made by Tuur Demeester. Saying that the price of Bitcoin will start to increase in the near future, Demeester has set a target of 50 thousand dollars for BTC.