A well-known technical and fundamental crypto analyst says he believes Bitcoin is likely to reach new all-time highs in early 2020.
The analyst, known in the industry as FilbFilb, says Bitcoin is likely to consolidate in the short term somewhere between $7,500 and $10,000.
“With additional fiat onramps and media and political attention and a general aura of interest, Bitcoin appears to be gathering momentum from an infrastructure and credibility point of view. Whether the credibility leads to acceptance is another matter, but I suspect that it is inevitable.
As I’ve mentioned in some modelling shared on twitter, the combination of accelerated demand/interest/awareness, married across a limited supply, creates the perfect storm for Bitcoin to achieve much higher prices and the opportunity for them to be achieved rather quickly. This is, of course, assuming there is no major black swan event (likely being USA, EU, G8).”
Right now, Bitcoin is down 4.7% at $9,694 according to COIN360. Ethereum is down 2.3`% at $212.81, XRP is down 0.04% at $0.313 and Litecoin is up 0.70% at $93.84.
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