Someone commented: “It’s indeed a retracement, however, it’s not finished just yet. And that’s perfectly normal after this crazy run.”
Another Twitter user wrote: “4hr 8/13/21/55 EMA flipped bearish. Backtested this to 2011, and it’s a VERY reliable indicator of the overall trend. Unless a big up spike happens soon to reverse it, very likely we continue down.”
Bitcoin to hit $20k in 2019
A recent prediction claims that despite the crash, BTC will definitely reach $20,000 by the end of this year.
During a recent interview with lifestyle publication The Independent, Oliver Isaacs who is an industry analyst explained that Bitcoin has the “potential to hit $25,000 by the end of 2019 or early 2020.”
It seems that a “rally to $25,000 by the end of 2019 would see BTC rally by 224% in six months’ time”.