Pioneer cryptocurrency Bitcoin recently breached the $18,800 mark after struggling to break above $17,000. This bullish trend has affected the entire crypto market as most of the major cryptocurrencies are currently controlled by bulls. Furthermore, the global crypto market capitalization has increased by 2.87% in the last 24 hours and is currently valued at $910 billion.

A notable crypto analyst and trader, Smart Contracter, who had previously predicted the bottom of the market in 2018, has now reversed his stance on Bitcoin. He informed his 218,100 Twitter followers that his bearish outlook on Bitcoin has changed and that he is now considering taking long positions if there is a crash.

Bitcoin at $20k soon?

The analyst also claims that Bitcoin will soon outshine other cryptocurrencies if it keeps up.

As the chart indicates, the strategist suggests that Bitcoin has already broken above $18,800 and will continue to rise. The Smart Contracter prediction is based on the Elliot wave theory.

At press time, Bitcoin is trading at $18,918, having risen 3.94% in the last 24 hours.

Furthermore, the analyst also mentions Bitcoin’s dominance in the market, stating that it will increase from its current 38% to 43%.

Avalanche (AVAX)

Lastly, Smart Contracter talks about Avalanche (AVAX), a smart contract blockchain. According to the trader, Avalanche is down nearly 90% from its all-time high. He also claims that when AVAX makes a move lower, he will consider buying it.

Currently, the Avalanche has gained 2.35% in the last 24 hours and is now valued at $15.65.

This post Bitcoin Claims $18.8K, Top Analyst Reverses His Prediction

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