This year has been flooded by various Bitcoin-related predictions and most of them have been bullish.
After the bulls came back to the market at the beginning of this month, these optimistic predictions have intensified.
New theory on BTC bulls
Now, a new theory on how Bitcoin will plot a course back to its all-time high is going viral on Twitter.
This prediction has been posted by a crypto trader who goes by the name B. Biddles, and it uses a popular stock indicator that’s called a bump-and-run reversal (BARR), which highlights an accumulation phase followed by a bump to the downside and then a surge toward previous highs, according to The Daily Hodl.
An analysis of the theory from CCN, the BARR points to a potential Bitcoin breakout to $6,800.