Bitcoin To See Exponential Gains, Crypto Analyst Predicts

An important crypto analyst predicted the fact that Bitcoin would see some pretty exponential gains soon. Check out the latest predictions about the most important digital asset out there.

At the moment of writing this article, BTC is trading it the green, and the king coin is priced at $30,067.

An important and popular crypto strategist says that Bitcoin (BTC) is now in a position to print exponential gains in the coming months.

Pseudonymous analyst Rekt Capital said recently that Bitcoin is now in a bullish phase and will likely witness rising price action in the mid to long-term.

Rekt Capital shares a chart showing that BTC continues to trade well above a diagonal trendline that kept Bitcoin bearish for more than a year.

“BTC is very well-positioned for mid-to-long-term upside

It would be a shame to miss out on the exponential post-BTC halving gains.”

Regarding the short-term prediciotns about he king coin, here’s what the analyst had to say:

“BTC daily close like this and the double top will be invalidated.

The BTC double top is dangerously close to being over.”

It’s been just revealed the fact that the founder of a Boston-based investment management firm says the US dollar is heading toward total collapse. This will turn out to be an event that will fuel a massive rise in the price of Bitcoin.

Larry Lepard, founder, and managing partner at Equity Management Associates, made sure to explain the fact that it’s now obvious that the dollar will continue its decades-long spiral of depreciation, to the benefit of hard assets like BTC.

Check out our previous article in order to learn more details about all this. Stay tuned for more news from the crypto space and make sure to check out the markets as well.