Analyst Who Predicted Bitcoin’s 2018 Bottom Expects a Move to $14k

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Bitcoin is stagnating in the high-$11,000s once again despite Ethereum breaking higher. BTC trades at $11,800 as of this article’s writing, meaning the asset remains below the critical $12,000 level. An analyst thinks Bitcoin is poised to move to $14,000 in the near future. The analyst in question is one that has been historically accurate with his price calls. He famously predicted BTC would bottom 2018’s bear trend at $3,200 months before it did. Others think that BTC is primed to move to $14,000, citing technical and fundamental reasonings. Bitcoin Could Move to $14,000 Very Soon: Analysts There have been multiple bearish analyses thrown around over recent days as Bitcoin fails to break above $12,000. According to one trader, though, these analyses should be of no concern. He shared the message and chart below on August 14th. It suggests that Bitcoin’s current price action looks like textbook re-accumulation in an…

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