A popular technical and fundamental analyst known as The Crypto Dog says he’s getting “last call vibes” on Bitcoin.
The analyst told his 154,000 followers on Twitter that he believes Bitcoin looks ready to bounce, returning to $11,000 this month and targeting $12,000 next month.
Meanwhile, after Bitcoin failed to hit a target of $11,050, veteran trader Tone Vays says he’s bearish on the rest of 2019. In a new interview with BlockTV, Vays says he thinks hype over Bitcoin’s halving in May of 2020 may be next year’s big BTC catalyst.
“I know the hype of the next halving is coming. That is certainly good for 2020. But I think for 2019, even if we do go higher, even if we break this $14,000 high and go to $16,000, $17,000 or $18,000, I’m still expecting a bigger pullback toward the end of the year.
I just think we’ve gone up too high and not much has changed this year. There hasn’t been any major economic fundamentals that should be driving Bitcoin higher. There were lots of issues in Europe back in the 2015-2016 time period, when Bitcoin got out of its last bear market. And that just hasn’t happened this time. The global economy has been doing pretty good.”
Right now, Bitcoin is down 0.33% at $10,131 according to COIN360. Ethereum is up 1.43% at $217.78, XRP is down 1.20% at $0.3142 and Litecoin is down 0.40% at $92.87.
Analysts at large are anticipating Bitcoin’s next moves as the leading cryptocurrency hovers around the key $10,000 level.