Bitcoin

Bitcoin Trade Group Founder Says Long-Term Bull Run Has Begun, Affirms 6 Fig. Price Possible

The creator of a comprehensive crypto trading education platform, Bitcoin Trade Group, has described the price behavior and sentiment of Bitcoin in the present market as one which connotes that we have begun a long-term bull run and if maintained, Bitcoin could be heading for 6 figures price.

Popularly known as Mr. TA, the crypto proponent, who claims that even though he’s not a fan of fractals, said he believes there is a bit of similarity between Bitcoin’s trend in January 2019 when people were expecting a massive tank to $1,000 and now (September 2019) that there are expectations that the leading coin would drive down to $7,000 for another entry point.

The crypto analyst whose forecast seems to interest people a lot further stated the chart of the two observed periods are identical.

He said while people are treating the present drop to $9,000 like that of last year’s where BTC plunged to $6,000 with the expectation for more falls, they could be shocked if Bitcoin returns on the upside trend ultimately.

Mr. TA proclaimed if the $1,000 drop was the collapse, now would be the best time to accumulate because most will be blindsided when BTC moves up.

Previously, prominent trader Cantering Clark also clarified that Bitcoin is fond changing direction when people expects the worse. Clark said, Bitcoin has on a number of occasions “knocked everyone off their feet when it appeared weakest.”

Bitcoin Would Possibly Attain 6 Figure Price In 2 To 3 Years

While further analyzing the trend of Bitcoin, Mr. TA averred that in his own sentiments, the crypto market has launched a bull run on ‘a higher timeframe.’

He said the bull run may drive Bitcoin up to reach 6 figures price in the next 2-3 years.

While concluding, Mr. TA said we are now in a mini bear market, describing the previous rally which drifted Bitcoin from $4k to $14k as a mini bull market.

Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.

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About the author

Khalid Lawal

Lawal Khalid is an avid entrepreneur and a peace advocator. He takes time developing expertise in journalism, and he has significant contributions at Arianna Huffington's Thrive Global, Oracle Times, Coin Gape and a host of other notable news publications.

Owing to his long time interest in innovative technology, Lawal cut into the blockchain world, and he has been unearthing meaningful investigation as well as noteworthy blockchain researches.

Khalid sits at the helm of NewsLogical.com as a full time journalist and a senior market analyst.

Email: lawal.khalid@newslogical.com

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