Bitcoin in the "Territory of the bull market", Alex Krüger, a major trader

According to Alex Krüger, a prominent crypto-cryptography analyst, bitcoin (BTC), the most dominant cryptocurrency in the world, is now in a "bull market". After recently breaking the $ 7,000 mark, BTC broke the $ 7,500 mark. According to Krüger, the main resistance levels to watch for the price of bitcoin and other factors to consider are:

$ BTC now on the bull market after an intraday peak.

R: 7000, 8000
S: 6400, 6000

The old levels are not so valuable, so above 6400, only rounded numbers are considered major resistance.

The time difference in Bitmex was the 2nd most important after Sep / 5/18. pic.twitter.com/ANmIIDJVf1

– Alex Krüger (@krugermacro) May 11, 2019

BTC's "last upward run" does not require "one indicator"

May 11, Krüger it is noted via Twitter, trading during the last downtrend of Bitcoin did not require "one indicator". He added that the indicators could be too expensive and that they were often "used to search overbought signals". According to the New York-based economist and crypto trader, indicators are also used to track "discrepancies" in price movements and "trade against the trend".

Meanwhile, a widely followed crypto analyst, "The Crypto Dog", revealed that he thought we could get closer to the "local summit" for the price and dominance of bitcoin:

The local top for both $ BTC and BTC seems to be in a dominant position.

We are looking for lunatics $ ALT pumps that money flows from bitcoin into $ ETH and other $ crypto.

Can you imagine Monday as we see @ binance open to new bank wires coming in and the mainstream media going crazy?

Ooof pic.twitter.com/nRSqy0dhCj

– The crypto dog (@TheCryptoDog) May 12, 2019

It is interesting to note that 57% of Twitter users who responded to the Krüger survey, completed on May 9, 2019, estimate that bitcoin will reach $ 10,000 this year.

Will $ BTC to exchange 10,000 in 2019?

– Alex Krüger (@krugermacro) May 10, 2019

Bitcoin will represent "5% of the share of the Earth market"

While the cryptographic ecosystem seems to be recovering from the extended bear market, which lasted until 2018, several leading investors have made bullish price forecasts for bitcoin.

Legendary billionaire venture capitalist Tim Draper recently predicted that Bitcoin will represent "5% of the Earth's market share" in the next four years. The founder of Draper Associates also believes that the price of bitcoin will reach $ 250,000 by 2022.

At the same time, Mark Yusko, CEO of Morgan Creek Capital Management, predicted that the price of bitcoin could reach $ 400,000. Yusko, whose comments were heard during an interview broadcast on Bloxlive.tv, said that Binance's damaging piracy, which had resulted in the loss of more than 7,000 bitcoins, had perhaps "confirmed" the Bitcoin's "Value Thesis". not stealing things that have no value. "

Bitcoin Price Prediction of $ 20,000

As mentioned by CryptoGlobe on May 11, the Canaccord Genuity Group, a Toronto-based multinational and a full-service investment bank focused on "growing businesses," was forecasting a $ 20,000 bitcoin price. here 2021.

Canaccord's analysts conducted a thorough market analysis, which took into account the evolution of Bitcoin prices over two different four-year periods, namely 2011-2015 and 2015-2019. The company's analysis also took into account the halving of bitcoin minors' rewards every four years and its possible impact on the price of cryptocurrency.