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Analyst: Bitcoin Price Rally Targets Between $ 12K and $ 22K Based on BitMEX History



The 2019 Bitcoin disbelief rally has recaptured some of the public bulls, but the next bull run barely beginning. Bitcoin rally can be predicted. Bitcoin rally can be predicted.

Bitcoin rally can be predicted. BitMEX Price Action Helps Trader Identify Take Profit Targets on Bitcoin Rally

Throughout the bear market, BitMEX became a clear market leader as one of the few cryptocurrency exchanges offering short-selling and leverage

Related Reading | Crypto Analyst: Bitcoin Price Now Above Ideal Buying Zone, Shortest Duration Yet

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According to former CME Group trading competition profit targets for Bitcoin price during the current rally, is between $ 12,600 and $ 15,100. The two prices would be Bitcoin price between the 0.5 and 0.618 Fibonacci extension. The second take profit level, the self-proclaimed swing trader says, is at $ 22,600

With a bull market all but confirmed, most crypto traders have switched into "buy the dip" mode.

This much FOMO has not been chosen by Choe.

has been witnessed in the crypto market since the end of the year. Related Reading | Why The Next Bitcoin Bull Run Could Eclipse The Last Crypto Bubble

Such buying pressure has not allowed Bitcoin to fall more than 8% since the early April rally first started. Bitcoin was also able to stay strong with Bitfinex, and a hack of binance –

It's FOMO that creates the sharp parabolic climbs that Bitcoin has become accustomed to. It is also FOMO that has helped the digital currency reach its all-time high in the past. Should Bitcoin break above

 Featured image from Shutterstock 




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