A Crypto Analyst reckons “Bitcoin has bottomed” and “is likely to rally to around $150,000"


  •  MagicPoopCannon took into account the performance of Bitcoin between 2014 and 2015 when Bitcoin bottomed.
  • “In my view, this next bull market is likely to rally to around $150,000, by approximately August of 2023,” Permabear.”

A popular cryptocurrency analyst referred to with the label “Permabear” has predicted Bitcoin bull rally to zoom to $150,000. The analyst rose to fame last year when he predicted that BTC would tumble from $10,000 to $3,000. The analyst also referred to as MagicPoopCannon took into account the performance of Bitcoin between 2014 and 2015 when the digital asset bottomed and compared to its market value. MagicPoopCannon published his prediction on Tradingview saying:

“That price action is INCREDIBLY similar, to what is taking place today. It is the primary reason why I believe that Bitcoin has bottomed, and it is why I am frantically buying like the bottom is in. Now, whether the bottom is actually in is obviously yet to be seen. However, I do see a slight potential that we could fall to one more lower low later this year, despite this fractal symmetry to the last bear market bottom.

Things like the oversold spikes on the weekly RSI, lead me to believe that we could see another dip later this year, but I don’t really care. If that does happen (and that’s a big IF) I suspect it will only be slightly lower than the 3150 low of December, perhaps only to 3,000. Whether that happens or not, is something I truly don’t care about.”

The Analyst continued:

“In my view, this next bull market is likely to rally to around $150,000, by approximately August of 2023. I realize that is an audaciously specific date, and many people will scoff at it, but that’s what I have calculated and I have great reason to believe that my calculations will continue to prove to be accurate.”

 


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