DCC Daily Chart Analysis, page-407

Despite Today’s Drop, Bitcoin (BTC) Not Likely to Retrace To 4,000

To the Moon! Crypto Evangelist Brian Kelly’s Jaw-Dropping Bitcoin Price Prediction
Kelly on CNBC suggests a new peak for the bitcoin price is a no-brainer, saying in response to a question about whether we’ll see record highs:“Without question this next cycle. You’re talking probably a two-year cycle.”There’s a method to his madness. Kelly points to the upcoming halving of the bitcoin supply, which is planned for 2020.“The cycle for bitcoin is usually about a year before to a year after. So over this two-year period, you will likely get this big upswing — particularly if the institutions come in — and I think we surpass all-time highs.”

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