PrimeXBT research: Various Projection Models Suggest Impending 400% Surge For Bitcoin

PrimeXBT research: Various Projection Models Suggest Impending 400% Surge For Bitcoin

Information about PrimeXBT research: Various Projection Models Suggest Impending 400% Surge For Bitcoin

Kevin David Scam or Legit


With the FED starting to dial back its asset purchases at the end of this month, some traders are worried that the price of Bitcoin would be affected. However, barring a brief 2% dip on the day of the FED announcement, the price of Bitcoin has recovered and looks poised to claim yet another ATH.

Many traders have been comparing the current rally with the 2017 and 2013 bull runs, and the 2013 one has so far been the most accurate, with the price trajectory almost inch by inch in line with the current bull market. One particular investment advisory firm, Global Macro Investor, has even done an overlay of the Bitcoin 2013 bull run chart movements with the current price movement.

From the above chart overlay, we can see that Bitcoin, if it follows as closely to the 2013 path as before, is due for a large price upswing this month and December which can take it up to a high of around $280,000.

Another model, which has been equally accurate is the S2FX Model by independent BTC analyst PlanB.

According to the S2FX Model, the price of Bitcoin is also due for a quick up move. The target price for this model …

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