Smart Contracter: Bitcoin To Break ATH This Year Despite Current PullBack
A prominent crypto analyst and trader, known as Smart Contracter, projects new all-time high for Bitcoin (BTC) within this year regardless of the recent deep correction.
Smart Contracter, who correctly predicted the 2018 pullback, shared with his 204K followers on Twitter followers that BTC will record a new 52-week low in very soon, before soaring above $100K by the end of 2022.
“Back in December, this post was mostly tongue in cheek but was still always at the back of my mind. Now it seems more the realm of possibility. The point being: there is a really large range that BTC can still fall and remain macro bullish on a long enough timeline. SURVIVE.”
back in december this post was mostly tongue in cheek but was still always at the back of my mind, now it seems more the realm of possibility.
the point being there is a really large range that btc can still fall and remain macro bullish on a long enough timeline, SURVIVE pic.twitter.com/XIdpLtiZHG
According Smart Contracter’s analysis, he positions Bitcoin to follow the market structure of the Dow Jones Industrial Average (DJIA) between 1998 and 2012, which do look similar. If BTC is to follow DIJA path, it would start a wide scale rally this year that would continue well into next year, looking at the above chart drawing.
While Smart Contracter remains bullish on BTC in the long-term, he recreated a similar tweet to his 2018 prediction.
“Ok fine, for the lulz. I’m calling a bottom at exactly $25,800 with a $1,000 leeway on either side.”
In 2018, the analyst correctly projected Bitcoin bottom months before BTC fell below the crucial support at $6,000.
“I’m calling a bottom at exactly $3,200 with a $200 leeway on either side.”
ok fine, for the lulz
Im calling a bottom at exactly 25.8k with a 1k leeway either side.
