Analyst Who Called Bitcoin’s 2019 Price Action Thinks This Is Next

While the price of Bitcoin (BTC) has recently seen a retracement, falling back to $7,800 as of the time of writing this, analysts are still optimistic about the cryptocurrency’s prospects in 2020.

Prominent Analyst Optimistic On Bitcoin’s Prospects

Joel Kruger, currency strategist at LMAX Group, in December 2018 remarked that he expects for Bitcoin to end 2019 between $5,000 and $8,000. And that it did, with the cryptocurrency ending the year right around the upper-middle of that range in the low-$7,000s.

The analyst recently sat down with cryptocurrency media outlet BlockTV to talk where he expects the price of the leading cryptocurrency to head next.

Kruger first made it clear that there is a notable level of support in the $6,000s, which has been exemplified by BTC’s three swift bounces from levels sub-$7,000 over the past few weeks. The LMAX currency strategist asserted that this is evidence that Bitcoin is likely putting in a macro…