"Although theories regarding any massive parabolic movements in the near-future remain purely speculative, one prominent analyst is now noting that Bitcoin could surge to above $60k based on historical price movements, which could happen as soon as Fall of this year."
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https://www.newsbtc.com/2019/06/18/bitcoin-historical-analysis-signals-that-btc-could-surge-to-62k-later-this-year/This is some sort of speculation and some sort of technical analysis, do you believe that this might happen, for me the former ATH is possible but if this will happen it will truly shock the industry and the people who do not know crypto yet.
That is actually a possible outcome. This bitcoin cycle might not repeat the last one but the 2013 one when there were 2 bull runs. April and December. So this $62k ATH can be the April 2013 $230 ATH. And then we wait for December 2013 $1200 to finish this cycle. I am not sure if this first bull run is possible this year. But definitely should happen next year. The second one will be about a year later.
This is speculation Sir and strongly believe that it might come to pass as the next bull is about to commence. I think bitcoin is going to explode after $10,000. The 2013 first bullish run is going to repeat at this time though, it might not get to $62,000 but we should expect significant changes in Bitcoin price. If I were those that buy Bitcoin or have in mind to buy Bitcoin when it falls from around $20,000 to $10,000 in 2017 to the middle of 2018 I will take another investment decisions again as now we are more positive than then.