Bitcoin Megabulls Call BTC at $100,000 to $400,000

Bitcoin – from zero in 2008 to $19,000 in 2017 and back to $3700 as of today, the journey of the world’s biggest cryptocurrency is still struggling to reach to analyst’s expectancy. The traders and analysts are always trying to find the next big move and the potential signs. One trader posted his expectation about the potential upcoming run of Bitcoin and says that it will likely hit anywhere in the range $102,000 – $336,000 during the next bull run.

With his analysis in depth, he advices to ‘Buy Bitcoin’ because if the trend follows in a similar pattern, the bitcoin will eventually have huge value. He mentions that each time Bitcoin has crashed more than 70%, the following cycle peak has been 5.1-16.89 times higher than the previous. If that happens again the next peak could possibly be at roughly $102,000 - $336,000. The average trading value of Bitcoin right now is about $66,239,788,769.

According to him the most dangerous words in investing are "this time it is going to be different". People should simply follow the market trends and history. There shouldn't have any speculations that this particular time will be any different.

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