'Bitcoin could establish a new All-Time-High by 2021'

15 Mar, 2019
by Joeri Cant
Bitcoin
'Bitcoin could establish a new All-Time-High by 2021'

Crypto trader Alec Ziupsnys and his team, claim that Bitcoin could begin to slowly but consistently make its way up, eventually establishing in a new all-time high in the beginning of 2021.

'History doesn't repeat itself but it often rhymes', the crypto trader tweets.

Alec Ziupsnys and his team, which go under the Rhythm Trader handle on Twitter, are referring to the very similar market cycles between 2014 to 2016 and the one we are experiencing today.

According to these traders, if the crypto market cycles are indeed 'rhyming', Bitcoin could begin to see a slow but consistent upward move, eventually leveling out at a new all-time-high in the beginning of 2021.

The cryptocurrency enthusiast, and massive believer in Bitcoin over centralized financial institutions, further added that if BTC truly follows a multi-year cycle of boom and busts, the likelihood exists that the world number one cryptocurrency has already bottomed.

Read more: What does Elon Musk have to say about Bitcoin?

Ziupsnys, seems to have a firm believe in Bitcoin's future price potential. When 10 years ago you had to pay 10,000 BTC for a pizza, 5 years from now you will be able to buy a house with just one, he tweeted.

One of his followers replied by stating that Bitcoin's All-Time-High could be reached in a shorter time frame even due to the massive increase in adoption of cryptocurrencies in recent years.

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Read more about: Bitcoin (BTC)

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