'BTC could bottom as early as end of December', says analyst David Puell

29 Nov, 2018 | Updated: 29 Nov, 2018
by Joeri Cant
Bitcoin
'BTC could bottom as early as end of December', says analyst David Puell

David Puell, a Bitcoin and market analyst, tweeted out to his 4.4K followers that according to him, Bitcoin could reach its bottom as soon as December and as late as February. 

'Good news', Puell tweets, 'the bottom is not that far away.'

However, according to Puell, we haven't seen bottom just yet.

With resistances piled up above the $4,300 mark, Puell explains that a pullback must be closely watched for any sign of exhaustion.

According to Puell, $2,800 could be a potential bottom.

He seems to be fairly convinced that Bitcoin will find its bottom rather sooner than later.

The market is currently experiencing extreme volatility and is showing moves up and down by 10 to 20 percent on a daily basis. Bitcoin surged by almost 9% during the past 24 hours, while Tron, showed impressive gains of more than 20%.

Even though, most assets are still down substantially since October, the market is showing greens all over the board.

What do you think? Is Bitcoin close to reaching bottom? Let us know in the poll below.

Related: Is Bitcoin done crashing? Have we seen bottom today?

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Read more about: Bitcoin (BTC)

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