Bitcoin Faces One Last Test Before Surging To $120k, Analyst Says

The crypto market continues to look bloody today and Bitcoin is also trading in the red.

At the moment of writing this article, BTC is priced at $10,119.63.

The online publication the Daily Hodl notes that there’s a crypto trader who is making an interesting bullish prediction about the price of the king coin despite the bearish market.

Bitcoin has to face one more test before a massive bull run

They are referring to the trader who accurately predicted Bitcoin’s collapse in 2019. He reportedly says that BTC will have to face one more test before launching a mega bull run.

The analyst is Dave the Wave and he posted a tweet in which he addresses the possibility for Bitcoin to continue consolidating until the end of 2020.

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CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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