If History Rhymes, Bitcoin (BTC) To Enter “Reaccumulation” Range

As Bitcoin (BTC) has finally settled in the $8,000 range, analysts have begun to formulate their opinions about what comes next for the cryptocurrency space. Per Tuur Demeester, a partner at Adamant Capital that recently penned a great report on the Bitcoin industry, suggested that BTC is moving from a phase of “expansion” out of a bear market to “reaccumulation” just above bear market levels. He posts a chart showing that the cryptocurrency may stay between $6,000 and $10,000 for the coming year, and will then begin to enter a bull market once the block reward reduction activates.

Halvening centric perspective on Bitcoin price. H/T @StoicTrader_ & @MLescrauwaet pic.twitter.com/89trRlSOqd

Original source
https://ethereumworldnews.com/history-rhymes-bitcoin-enter-reaccumulation-range/

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