RE: Bitcoin At $75K Within Weeks?
Are we going to see Bitcoin hit $75,000 within a few weeks? Bitcoin IS Bitcoin so anything could happen:
Bitcoin Price $75K ‘Within Weeks’? Recovery Mimics 2013 700% Bull Run
Bitcoin (BTC) is looking like it will hit $75,000 — and that could happen “within weeks,” one analyst has found.
Uploading a fresh BTC/USD price chart to Twitter on June 7, Cane Island Alternative Advisors’ Timothy Peterson unearthed an uncanny similarity to Bitcoin in 2013.Tracking Bitcoin’s price recovery from its lows of $3,600 in mid-March, Peterson noted that its recovery almost exactly tracked price action from seven years ago.
The result, he argued, could keep up the copycat move — BTC topped out at $1,300 in 2013, and a similar 700% bull run at today’s prices would give a target of $75,000.
“The 2020 #bitcoin recovery has tracked the 2013a recovery almost perfectly,” he summarized.
“Are we weeks away from $75,000?”