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With 9 days to go until halving, major Bitcoin traders are debating how the price of the main cryptocurrency in the market will behave during and after the event and, pFor a major BitMEX ‘whale’, the current moment is similar to the rally that took BTC to its highest all-time value of about $ 20,000 in December 2017.
For AngeloBTC, an anonymous Bitcoin investor, noted as one of BitMEX’s top whales, He posted a chart for his 149,000 followers on Twitter, showing that BTC is currently knocking out bears and favoring bulls in its trades.
According to him, the current moment is similar to the first days of the Bitcoin boom and the long-term recovery to a record high of about $ 20,000. Still, according to AngeloBTC in the current scenario, Bitcoin can easily go up to $ 30,000.
Bear trap after bear trap after bear trap $ BTC pic.twitter.com/bWBb9amxH3
– Angelo ฿ TC (@AngeloBTC) January 23, 2017
Who agrees with AngeloBTC is Eric Thies, who explained that a reading on the Bitcoin chart reveals very promising results.
“In the last two halvings, BTC showed strength that rose to 40% of its highest price levels of the time. In each of these previous events, BTC has continued to rise for over a year and then in a year and a half, peaks on the way. As of now, Bitcoin seems to start a current range as in previous halvings. “
Thies also noted that Bitcoin has been breaking resistances that may indicate a significant consolidation of optimistic sentiment, “Although these resistances [9.200, 10.400 y 11.400 dólares] They are not easy to break, this adjustment on the macro side of things is impressive and continues to grow with each resistance that Bitcoin recovers. ”
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