Research Boutique: Bitcoin Chart Is “Echoing” Previous Exponential Surges

Research Boutique: Bitcoin Chart Is “Echoing” Previous Exponential Surges

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  • Bitcoin has undergone a strong rally over the past few days, rallying from $11,200 to $13,100.
  • Nautilus Research thinks that Bitcoin’s chart is forming patterns and signals last seen prior to previous exponential bull runs.
  • He isn’t the only one that thinks that Bitcoin will soon see an exponential rally higher.
  • Others that expect Bitcoin to move greatly higher in the years ahead include Paul Tudor Jones, a billionaire hedge fund manager, and Dan Tapiero, co-founder of Gold Bullion International.

Bitcoin Could See an Exponential Rally, Research Boutique Indicates

Bitcoin has undergone a strong rally over the past few days. The coin has moved from the ,200 lows of just seven days ago to a price of ,100 as of this article’s writing.
As the chart shows, like in previous cycles, BTC has corrected over 80% from the cycle highs, then consolidated for over a year. Should history rhyme, the cryptocurrency will soon undergo an exponential rally that will bring it above its previous all-time high.

Despite this strong move higher, this rally has not registered as not much more than a blip on the charts. Yet Nautilus Research, an independent research boutique that services institutional investors, thinks that Bitcoin’s chart is forming patterns and signals last seen prior to previous exponential bull runs.

Pal went as far as to say that the cryptocurrency could hit a price of ,000,000 in this market cycle. Chart of BTC’s price action since 2010 with an analysis by an independent research botique for institutional investors, Nautilus Research

Not the Only One That Thinks So

Featured Image from Shutterstock
Price tags: xbtusd, btcusd, btcusdt
Charts from TradingView.com
Research Boutique Suggests Bitcoin Is “Echoing” Previous Exponential Surges

“Bitcoin echoes of patterns ahead of previous major breakouts.”
“Just from what I know from all of the institutions, all of the people I speak to, there is an enormous wall of money coming into this. It’s an enormous wall of money — just the pipes aren’t there to allow people to do it yet, and that’s coming. But it’s on everybody’s radar, and there’s a lot of smart people working on it.”
Others that expect Bitcoin to move greatly higher in the years ahead include Paul Tudor Jones, a billionaire hedge fund manager, and Dan Tapiero, co-founder of Gold Bullion International.
Speaking to his point, Stone Ridge Asset Management just disclosed that it owns 10,000 BTC. Adding to this, MicroStrategy and Square have added large amounts of the cryptocurrency to their balance sheets, only cementing Pal’s sentiment.

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