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Bitcoin Macro: "Life-changing earnings will be made!"
Other analysts agree that Bitcoin will do better next year
Altcoin is highly associated with Bitcoin
Bitcoin price action is far from exciting in the last few weeks of the year. Since the end of October, the number one cryptocurrency has lost nearly 30% of its value. The slow decline with some rebounds failed both the "bulls" and the "bear".
This is almost the same story for other cryptocurrencies. Sure, a number of gems or small crypto on the market have emerged, but the aristocracy has failed. After a strong first half of 2019, many currencies like Litecoin (LTC / USD) and Ethereum (ETH / USD) gave their earnings.
However, a widely followed trader named Bitcoin Macro says 2020 will not be the same. This is a year that changes people's lives.
Bitcoin Macro: "Life-changing earnings will be made!"
2019 is a difficult year for most HODLers. Earlier this year, Bitcoin showed tremendous strength as it climbed from $ 3,000 to $ 14,000. Unfortunately, the bulls failed to maintain the ascent. Gravity absorbs the dominant cryptocurrency on Earth.
But Bitcoin is not alone. Cryptocurrency number one has removed most altcoins.
According to Bitcoin Macro, the accumulation time is almost over. 2020 is the year when encryption finally wakes up. In that case, life will change.
Other analysts agree that Bitcoin will do better next year
I asked around to see if other leading Crypto Twitter (CT) analysts shared the same sentiment. I was surprised to hear that some traders were waiting for Bitcoins. They believe the largest cryptocurrency will launch an upward race next year.
Benjamin Blunts believes Bitcoin will end up below next year. The analyst told CCN: "I think we are likely to see a fund in Bitcoin next year, probably around the $ 6,000 level."
The trader added: "However, a bull trap reaching $ 8,000 at first seems logical."
Nick Hellman, pronouncing Blunts emotion. The analyst also sees major cryptocurrency plummet to a low of $ 6,000 before printing a new all-time high next year. He said: "I have no doubt that 2020 will be the year of Bitcoin and the new high historical high!"
Scott Melker, AKA The Wolf of All Streets, also believes the bulls will take control by 2020. But analysts did not share Nick Hellman’s strength and optimism. Scott Melker told CCN: "[Bitcoin will start] a new bull market, but I can't predict the future."
Altcoin is highly associated with Bitcoin
In cryptocurrency, Bitcoin is the rising tide of rising or sinking boats. Where cryptocurrency number one goes, almost all cryptocurrencies follow. If the major cryptocurrency has a bullish 2020, I expect other currencies like Ethereum and Litecoin to follow suit.
Other large coins such as Ethereum, Litecoin, Ripple, Binance Coin, Bitcoin Cash, EOS and BSV also have marks between 0.6 and 0.8. In other words, these coins have a strong positive correlation with Bitcoin. This means that the momentum of Bitcoin could dictate the trend of these coins.
If Bitcoin Macro’s predictions are correct, 2020 will definitely be a fantastic year for cryptocurrencies.
