A gigantic repositioning since December 2017 is nearing its end, Positive Crypto claims, leading to new all-time high prices. Bitcoin (BTC) has spent nearly 900 days correcting from its all-time highs of $ 20,000, but its journey to $ 100,000 is about to begin.
That’s the opinion of a popular trader and social media analyst Positive Crypto, who on May 29 stated that the cryptocurrency’s biggest 896-day rise would soon end,
BTC price will break the “consolidation structure”
According to an attached chart, the time since December 2017 has been “a phase of massive accumulation” during which investors repositioned and bought.
This “consolidation structure,” as Positive Crypto calls it, is poised to break, to usher in a further bullish climb that will sweep the $ 20,000 zone.