The recent rise in Bitcoin prices is causing excitement among investors, who are comparing it to the second quarter of 2019, when Bitcoin rose from $3,000 to $13,000 in just four months, repeating its two-year bullish trend. Bitcoin is currently up 50% from its low point, leading to growing anticipation of a similar bubble.

A successful crypto strategist who accurately predicted Bitcoin’s rise in 2018 believes the reigning cryptocurrency is still on a bull run. He backs this up with the use of Elliott wave theory, a complex technical analysis tool for predicting price action based on the psychology of wave crowds.

According to the theory, there will be five rises in asset prices, and the five-wave rise on the expert’s chart will top out at $28,000. The current value of Bitcoin is $23,165.

The expert also has a positive outlook on Ethereum (ETH), the leading smart contract protocol. He believes that ETH will break out of a symmetrical triangle pattern and reach $1,900. The Ethereum price is $1,583 right now.

To summarize the analyst perspective on the asset class, both BTC and ETH are in an accumulation phase and a rally is evident. This means that an “echo bubble,” which is a market rally that occurs too soon after a previous bubble burst, is not necessarily a bad thing. Investors can benefit from echo bubbles, which also boosts market confidence after a big crash. However, it is important to do your own research and only invest what you can afford to lose.

This post Bitcoin 2018 Forecast Expert Predicts Epic Rally & Reveals Price Target!

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