Bitcoin ($BTC) is closely mirroring its early 2019 surge and could reach an interim peak near $45,000 next month, VetleLunde says. By godbole17.
) is closely following its early 2019 surge and prices could peak at around $45,000 next month, according to Vetle Lunde, a senior analyst at K33 Research.
The drop and subsequent recovery are analogous to the pattern seen in the 2018-19 bear market in terms of length and trajectory, according to Lunde. "While history is far from likely to repeat in a similar fashion if the fractal were to continue – BTC would peak around May 20 at $45,000," Lunde said. A"hated" bull market typically begins during peak pessimism. It reaches a fever pitch once investors who reduced risk in anticipation of an extended slide, begin to feel underexposed and join the bullish bandwagon.
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