Will bitcoin surge two-fold by May 2020?
PlanB, popular crypto analyst, tweeted that there’s 60months before the bitcoin halving.
In 2012 bitcoin price jumped from $5 to $12 (2.3x) in the 6 months before the halving. Similar growth took place in 2016: then btc jumped from $350 to $650 (1.7x).
The analysts expect the situation can recur this time as well. In this case by May 2020 the price can jump to $13 600–18 400.
Ethereum starts growing explosively. Why?
According to Bitcoin Jack,Twitter analyist, cryptocurrency Ethereum tested the bottom and in several day will enter the phase of a new parabolic price growth.
The trader overlapped ETH/USD quotes over the charts of a classic financial bubble and specified that the cryptocurrency is in the phase of “Distrust”, after which a new bubble will start.
The analyst thinks that by December the price will grow up to $400 from the current $180, and in the autumn of 2020 will come back to its maximum at the level of $1,400.