Bullish Predictions for Bitcoin, ETH, Litecoin, and XRP
A crypto trader known as ScienceGuy9489 on the internet has taken to the online world and is discussing the possibility of a series of bullish predictions for four of the leading cryptocurrencies.
His predictions include Bitcoin, Litecoin, XRP, and ETH - all of which he is expecting to see skyrocket. These predictions are not based on a whim. ScienceGuy9489 has been doing the calculations and could possibly be onto something.
He began by comparing the Bitcoin trends from 2014 to 2015 when Bitcoin was going through a bearish period like we are seeing today and the trends are very similar. If all goes the same way, Bitcoin should be set to hit a massive wave and rise to an all-time high.
Omkar Godbole, an analyst at CoinBase, is supporting ScienceGuy9489 with his statement which included:
“Bitcoin produced a similar pattern during the previous bear market witnessed in 2014–2015. More importantly, the upside break of that falling channel, confirmed in October 2015, was followed by a two-year bull market.
Therefore, a potential upside break of the latest falling channel could be considered a sign of a long-term bearish-to-bullish trend change.”
ScienceGuy9489 has predicted that Bitcoin will rise to US$ 28,000 in the near future. He has even pinned this prediction to the month. His prediction is that Bitcoin will hit its liftoff by the 11th of April 2019.
He has gone a step further in making predictions for 3 other cryptocurrencies and is using trend graphs to back-up his predictions.
ScienceGuy has predicted that Ethereum will hit its peak by the 24th of April 2019, not long after Bitcoin's peak, and his prediction is that it will hit highs of US$ 2,090. Litecoin is the third highest predicted value. ScienceGuy has not given as precise a date as he did for Bitcoin and Ethereum, however, he has predicted that it will rise to US$ 650. Finally, ScienceGuy's prediction for XRP is that it will increase to US$ 4 "at any moment".
Bearish markets are the best time to invest, however, investments can only happen when people have faith that what they are investing in will offer big returns in the future. With Bitcoin currently trading at around US$ 4,000, the return one would make on a Bitcoin investment if ScienceGuy's prediction is fulfilled will be huge.
It is for investors to decide whether or not the risk is worth the potential gains. Luckily, we won't have to wait long to find out if the predictions will come true.