"Without question, Bitcoin makes new all time highs" - Brian Kelly

in #bitcoin5 years ago

One analyst thinks bitcoin is going to make new all time highs, and it's not even a question.

Brian Kelly of CNBC was on Fast Money last night talking bitcoin and he said without question bitcoin is going to make a new all time high.

What's more, he says it will happen within the next 2 years.

The exact quote:

"Without question this next cycle (bitcoin makes a new high). You’re talking probably a two-year cycle.”

"The cycle for bitcoin is usually about a year before to a year after. So over this two-year period, you will likely get this big upswing — particularly if the institutions come in — and I think we surpass all-time highs.”

(Source: https://twitter.com/CNBCFastMoney/status/1116099739173494784)

Why does he think that?

He is basing it off of previous price cycles and halving events.

According to Kelly, we are entering this 2 year window where bitcoin prices tend to act very bullish around halving events.

Specifically, price starts to act well about one year before the halving, to about one year after the halving.

The next halving is projected to be in May of 2020.

(Source: https://www.cnbc.com/video/2019/04/10/is-a-big-bitcoin-resurgence-on-the-horizon.html)

That means we are just about to enter that 2 year window starting now.

In a few weeks we will be right at the beginning of that 2 year cycle.

Kelly, as well as myself, think bitcoin will make a new all time high "without question" within the next two years.

Hopefully steem goes with it!

Are you ready?

Stay informed my friends.

-Doc

Sort:  

With no doubt BTC will make new highs.

Only a matter of when.

Not ready... because I need to but more! Great time to scale in while you still can at a reasonable price.

Posted using Partiko iOS

Yep. The only question I have is, how far do we pull back before we break $6k?

Without question!

Only a matter of when.

Two weeks until new highs?

Maybe.... who knows? lol

That would be ok with me.

"(...) he says it will happen within the next 2 years." - That's all we need to hear, and I dare to say that the new all time high will happen in the next year, but that´s not very well fundamented :D

Either way, no one has a crystal ball so it's tough to say for sure when it will happen. Though is history repeats, we would expect it to happen within the next 2 years.

Ye, and the most important part is that there are not many doubts that it will happen, it doesn't matter when!!

True. If it doesn't it would break every previous bitcoin pattern.

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 70601.11
ETH 3576.21
USDT 1.00
SBD 4.78