Imminent Bitcoin Price Increase is Here Again - Crypto Analyst & History Indicat

[Goodcat49]

Even though the dogging bear market has been fantastically tough for new investors, an analysis of historical tendencies may indicate that another bull market is impending and close at hand.

Recently, a new theory concerning the future of bitcoin (BTC) – that will certainly lead the direction of the whole crypto market – has appeared on different social media platforms which uses historical drifts to forecast future market trends.

Galaxy, a famous cryptoasset analyst on Twitter, previously discussed the possibility of an impending bull run considering BTC’s historical drifts, telling his approximately 50,000 followers that the future lies in the analyzing of past events.   

“We’re approaching the 420-day mark which ended the 2015 bear market and if history repeats itself, we’re moving towards several months of accumulation and a new bull cycle starting mid-late 2019,” he revealed this while citing a chart that indicates the 2014 bear market that lasted until 2015.   

Even though last year’s bear market has not yet appeared for some good period of time, the blueprints between the two markets seem to be impinging identically, which could imply, as Galaxy revealed, that BTC will enter into an accretion time that will be continued by another parabolic market characterized by rising prices for securities.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/imminent-bitcoin-price-increase-is-here-again/