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Top Analyst Predicts Bitcoin (BTC) Mania in June, Sparking Fast and Volatile Push to All-Time High

May 12, 2020

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A prominent crypto strategist who accurately called the bottom after the coronavirus-induced sell-off in March says he’s long-term bullish on Bitcoin, but not before the world’s leading cryptocurrency whipsaws traders.

In a tweetstorm, pseudonymous trader Bitcoin Jack says that he expects volatility to reign for the rest of the month before Bitcoin accelerates in June.

“Key requirements in May for my thesis: decent buy pressure this week with resistance between $10,500 to $11,000, sell-off into strong support at $9,000 – $9,500 that holds.

That would complete a running flat. If so, it is a recipe for an end of May / June rally.”

Should Bitcoin follow the script, the crypto analyst says BTC will begin to rise next month in a rally that ignites FOMO, mania and media attention en route to $15,000.

After the rally, Jack expects the top cryptocurrency to correct and form a base which would set the stage for a massive bull run to $20,000.

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“I expect support ($9,000 – $11,000) to form by August. If my earlier thesis is correct, we should then rally towards previous ATH by Dec/Jan.”

On March 13th of this year, when the leading cryptocurrency plunged to $3,850 in a widespread market sell-off, Bitcoin Jack said that Bitcoin had bottomed out. The prediction turned out to be on target with March 13th marking a yearly low. Bitcoin is now trading at $8,666, up more than 125% since the call.

$BTC Bottom Edition

Look at it this way

We just had the whole echo pump and echo dump of 2017 top to bottom to 14k top

-72% from 14k top and >84% of the 3-14K move retrace

On a weekly orderblock EQ support

For obvious reasons I call this chart: "The BOTTOM" https://t.co/jtoOumaKnt pic.twitter.com/ujmwohkmf6

— //Bitcoin ?ack ? (@BTC_JackSparrow) March 13, 2020

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