While Bitcoin is far from a full-on bull run, analysts have already tried to call the next BTC top, if there is one that is. And as normal, these traders have been crazy bullish. Trace Mayer, a long-time Bitcoiner, recently remarked that per his indicator, the Mayer Multiplier, which ways current prices and the 200-day moving average, we may have just entered “crypto spring.” In fact, the Mayer Multiplier recently surmounted 1.0, and is moving in a way that resembles that seen in 2015’s Bitcoin recovery. And if previous market cycles rhyme, BTC could see $100,000 or even $250,000 by 2021.
Tea leaf reader @peterlbrandt: new $BTC parabolic move would not surprise him.Crypto-spring started with @TIPMayerMultple now above 1.0? If history & future rhyme then perhaps 2021 will be wild year with $100-250k $BTC in cards? Thoughts? 🚀 @TuurDemeester @ToneVays @APompliano pic.twitter.com/aS7mJKPhjb