According To Josh Rager, Starting Bitcoin Bull Running May Take Several Years

Bitcoin, which climbed over $ 9,000 on June 17, has managed to stay over $ 9,000 since then and is moving strongly toward $ 10,000.

Many analysts and traders have predicted that Bitcoin will surpass $ 10,000 by the end of 2019, but we are now close to achieving the $ 10,000 target.

Since the end of the crypto winter weeks ago, Bitcoin has been in a recurring tendency between ascent, correction, and decline over a certain range. From 12 May to 12 June, the largest crypto currency was consolidated between $ 7,000 and $ 8,000.

Bitcoin, which initially exceeded $ 9,000 on May 30 and reached its highest level of the year, then declined sharply and declined to $ 7,400. The pioneering crypto currency broke this point of resistance strongly on June 16, and is currently changing hands at $ 9.913.43.

Crypto money analyst Josh Rager said with a tweet a few days ago that Bitcoin's “Super Guppy '” price indicator turned green on the 1-week chart, just as before the 2012 and 2016 bull runs.

After the indicator turned green, the upward trend in 2012 lasted 400 days, while the upward trend in 2016 lasted 700 days, the analyst said, the upward trend that started this year could continue for the next few years.



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