If Bitcoin Followed Tesla’s Path, It Would Hit $125,000 in the Next Year

[Jentot]

If Bitcoin Followed Tesla’s Path, It Would Hit $125,000 in the Next Year

Bitcoin has undergone a strong rally over the past few weeks, rallying from the $11,000 range to $18,700 as of this article’s writing. A comparison between BTC’s current rally and the rally that Tesla saw in late 2019 suggests that in the year ahead, BTC could be primed to see exponential growth.

Although this conclusion can be drawn from a fractal, analysts say that similarly bullish sentiment can be drawn from fundamentals and technicals. Bitcoin is about to close its highest monthly candle in history, higher than the December 2017 candle of $14,000, while the fundamentals of this space improve at a rapid clip.

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