Analyst Who Called 2018’s Bottom Says Bitcoin Will Soon Move Towards $12k

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Bitcoin has stalled over the past few hours. The cryptocurrency currently trades for $11,300, far above last week’s lows but below the highs of $11,750. Bitcoin is down 2% in the past 24 hours after news revealed that OKEx has frozen withdrawals for the time being. The cryptocurrency remains in a precarious position due to that news events. Purely from fundamentals, though, analysts say that Bitcoin has short-term upside. One historically accurate analyst said that BTC could soon move above $12,000 as it forms a crucial breakout pattern. This analyst is the one in the middle of 2018 that called that the coin would fall to $3,200 to bottom. Bitcoin Could Soon Move Above $12,000, Historically Accurate Analyst Says The Bitcoin trader that predicted the exact price the cryptocurrency would bottom in 2018 thinks that BTC has upside in the near term. He recently shared the chart below, which shows…

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