This year there have been a lot of crypto predictions, and most of them have been really optimistic.
The latest bull run from the beginning of this week also managed to trigger more bullish predictions as well.
Another bullish Bitcoin prediction pops up.
Peter Brandt is a veteran technical trader, and he became a crypto legend for accurately calling the Bitcoin’s fall in January of 2018.
Now, the man is expanding on his new prediction that BTC is currently preparing for a parabolic bull run.
BTC to reach $50k
He recently had an interview with Yahoo Finance, and he explained why BTC would reach $50k.
“I believe that what’s happened from December of 2017 through December of 2018 is really an analogue to what happened in the 2013 to 2015 bear market, where we saw a sequential ten up and down move in the bear market. And we’ve almost identically formed that same sort of pattern. After the 2015 low in Bitcoin, we saw the market then developed into a parabolic advance,” he said.
He continued and said that “based on those analogue studies I think cryptos now will go back into a parabolic bull market. The only question I have is do we rally here some, and then sometime in late summer, check the late 2018 lows or not. I mean, there’s a chance it does, and there’s a chance it doesn’t.”
Brandt also said that the bull run would happen over the course of the next two to three years. He concluded by saying that the target is around $50,000.
In other news, it seems that the crypto market can get ready to receive a lot of money.