Analyst: Bitcoin Price Rally Targets Between $12K and $22K Based on BitMEX History

The 2019 Bitcoin disbelief rally has recaptured some of the public frenzy and media attentiin experienced at the height of the last bull run, despite the next bull run barely beginning. The powerfully bullish momentum has crypto investors and analysts reviewing price charts hoping to figure out where the rally might end.

One particular swing trader believes that by analyzing historic price action on BitMEX, the targets for the parabolic Bitcoin rally can be predicted. The two “take profit” targets the trader has come up with, are $12K and $22K.

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