Crypto Analyst: Bitcoin Will Never Drop to $3K Again – BTC, Ethereum, XRP Price Analysis

A crypto trader who goes by the name of “Galaxy” told his 48,000 followers on Twitter that he believes Bitcoin will never dip to $3,000 again.

Galaxy’s logic is centered on Bitcoin’s 10-year history of hitting an all-time high, dropping 85% and then consolidating before reaching new highs. According to Galaxy, Bitcoin’s real recovery should start after April.

Although prices may appear to be random (to some), they actually create repeating patterns and trends.

Observing this pattern makes April the last month of cheap $BTC.

And now, of course it will be cheap multiple times in the future, but never $3K cheap. $BTC pic.twitter.com/LFGfJBYdnz

— Galaxy (@galaxyBTC) March 13, 2019

Not all traders are on board with the analysis.

Fellow space-themed analyst Moon Overlord told his Twitter crew of 43,000 that we’ll soon find out if Bitcoin will mirror its pattern from last November, when the price of BTC was relatively stable for a couple of months before plunging from above $6K to below $4K.

$BTC mirror world, times almost up ⌛️ pic.twitter.com/F8em6QQd7E

— Moon Overlord (@MoonOverlord) March 14, 2019

Right now the crypto market is mixed, with Bitcoin up 0.05% at $3,880. Ethereum is up 1.18% at $133, and XRP is down 0.67% at $0.3110.

Technical analysts at large are noting some signs of a potential Bitcoin breakout, Ethereum’s support at $130, and XRP’s push to pass $0.3300.

Bitcoin

NewsBTC  – Important reversal signs emerge

Blockonomi – BTC forming a crucial breakout pattern, likely to climb higher

FXStreet – Bitcoin stuck between a rock and a hard place

Ethereum

Coinnounce – Support around $130 still proving strong for ETH

NewsBTC – ETH could make a sustained move higher

ETHNews – Ether presents last chance to buyers

XRP

Blockonomi – Price must settle above $0.3300 to move into positive zone

FX Empire – Barring a broad crypto rally, $0.33 levels should be untouched

NewsBTC – XRP could trade lower as recovery falls flat

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