Bitcoin Could “Pull a Tesla” Rally Before 2020 Ends: Analyst

Bitcoin Could “Pull a Tesla” Rally Before 2020 Ends: Analyst


Economist and prominent market analyst Alex Kruger is not concerned about Bitcoin’s medium-term trend despite recent price weakness. He says that the coin could pull a Tesla-like rally in the months ahead. Bitcoin Could Pull a Large Rally in the Months Ahead

Economist and prominent market analyst Alex Kruger is not concerned about Bitcoin’s medium-term trend despite recent price weakness. The analyst recently stated that he thinks the cryptocurrency could end up pulling a “Tesla” like rally in the months ahead:

“Been asked if there’s a level were I would significantly reduce my bitcoin exposure. There isn’t. There are levels were I would reduce exposure if intraday price action and/or funding metrics indicate may be putting in a local top. That’s about it. $BTC revisiting 13K would make sense chartwise. But many current inflows are chart agnostic. $BTC could rip faces off in the next 2-3 months, pull a Tesla. The returns profile remains assymetric. So not beting

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