How I Predicted Bitcoin’s Biggest Breakout in 2019
On April 10, 2019 I wrote an article titled “Inside the Crypto Recovery” which laid out a theory of the November crash and predicted recovery of Bitcoin’s value from its 2018 low of about $3,200 up to $6,500. I laid out the case and the growing pattern among the alt coins, and then confidently predicted:
“With all this supporting data, I’m making a prediction: BTC to $6,500 USD soon.” — Published April 10, 2019.
The events described in it have since played out as predicted.
When I wrote it, the value of Bitcoin was struggling to overcome resistance at $5,300. 10 days later, it broke through resistance at $5,500. By early May it was fighting resistance at $6,000, and a few days ago, broke through $7,000. It’s currently pushing against $8k resistance.
To say that Bitcoin’s bulls are excited is an understatement.
People try to predict bullish breakouts using all kinds of forecasting methods, like moving averages, chart shapes…
