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Crypto Analyst: Prepare for 153% Bitcoin Surge – BTC, XRP, Ethereum, Litecoin Forecasts

July 03, 2019

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Crypto analyst Josh Rager says Bitcoin’s past market cycles indicate that a 153% jump in the price of BTC may be on the horizon.

Rager told his 47,000 followers on Twitter that Bitcoin typically bounces by that amount after a pullback like the one that hit BTC in the past week, with Bitcoin dropping from $13,770 to $9,756.

“We had our 30% pullback. So what’s next? History says that price consolidates followed by an average gain of 153% before the next big pullback. There are great rewards for buying pullbacks in a bull market.”

Meanwhile, Peter Brandt agrees that Bitcoin’s recent pullback is par for the course.

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The veteran trader outlined a series of corrections from the bull market that lasted from 2015 through 2017, which featured multiple 30%+ pullbacks along the way.

The recent 30.5% correction in BTC is mild compared to the many corrections in the 2015-2017 parabolic advance. $BTC pic.twitter.com/L8eihNscav

— Peter Brandt (@PeterLBrandt) July 2, 2019

Right now, Bitcoin is up 4.88% at $11,283 according to COIN360. Ethereum is up 1.47% at $293.06, XRP is up 0.64% at $0.3988 and Litecoin is up 1.30% at $119.02.

CoinDesk analyst Omar Godbole says Bitcoin still needs to pass a price hurdle before a new breakout is confirmed.

Bitcoin

Ethereum

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XRP

Litecoin

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.