We are in the middle of the summer.
But let’s try to imagine and predict the next 2 years of BTC behavior.
We are sure we will reach the sky (at least from the current perspective).
We discovered a great indicator made by Lazy Bear.
It is public so you can take a look at the code but in general, it operates on the average of the highest, lowest and close and its in the given time.
So it looks interesting.
We used a 1W interval.
We noticed that once the indicator crossed the level of 30 it was above it for another 854 days.
There were some fluctuations afterward but they were all above this line.
As you can see the indicator crossed this line at the end of April 2019.
We should stay above, till the end of August 2021.
As right now the is rather low we don’t expect much demand and supply.
The price should stay between $9K and $12K.
We expect to observe a strong rally in Q4 2019.
We may go as high as $40K -$50K at the end of December 2019.
Do you like such a scenario?
Please do tell us down below in the comment section.
Thank you for reading and your time.