Bitcoin Hitting $6,000 Could Act as Base for 300% Rally?
We’re @ and a little over $7000 this morning, not sure if we’re going to see low $6’s but a 300% rally would be very nice
Bitcoin Hitting $6,000 Could Act as Base for 300% Rally: Analyst
“While Bitcoin has started to stagnate over the past few weeks, analysts are certain that the cryptocurrency remains in a macro bull trend. Popular cryptocurrency trader and researcher Galaxy recently noted that if “Bitcoin ever comes [close to $5,900-$6,200,” he will be “publicly opening a long and will not close it until $25,000 or liquidation.
Along with this message, he attached the below chart, which shows the cryptocurrency potentially bottoming in the low-$6,000s prior to skyrocketing to $17,000, consolidating again in between $15,000 and $17,000, then hitting $25,000 in the coming year.”