The Cryptocurrency market is in a stage where it is prominently ranging sideways and the size of the market seems to be shrinking, but the recent real developments and investments in cryptocurrency projects have assured a bull run in Bitcoin price. But the question that has been unanswered yet is, When? A Crypto analyst and well-known economist Alex Krüger has provided a reasonable answer to this question with his predictions about upcoming events that will be unfolded in the market over a few years.
Alex Krüger on his twitter handle @Crypto_macro predicted about the upcoming events which will certainly decide the Bitcoin Price. He believes that SEC’s decision on the pending Bitcoin ETF and the release of BAKKT is a major factor to decide future price cycles. He tweeted :
- “Bull run on BAKKT & renewed ETF approval narrative early 2019”
- “ETF denied Feb/27, massive crash, goodbye 6k, hello 4k, cleanse all weak hands”
- “Halvening 2020 narrative and re-adjustments lead to a sustained bull run for the rest of 2019 & 2020”
Possible outlook for $BTC:
#1 Bull run on BAAKT & renewed ETF approval narrative early 2019
#2 ETF denied Feb/27, massive crash, goodbye 6k, hello 4k, cleanse all weak hands
#3 Halvening 2020 narrative and re-adjustments lead to sustained bull run for the rest of 2019 & 2020
— Alex Krüger ?? (@Crypto_Macro) November 1, 2018
He started the tweet with, the ICE-backed exchange that will be trading its new Bakkt Bitcoin (USD) Daily Futures Contract from December 12th, 2018. As he quoted “Bull run on BAKKT & renewed ETF approval narrative early 2019”.
Currently, BAKKTakkt is trying to create an equally helpful atmosphere that for both retail traders and institutional investors. It is highly aimed at providing investor protection. He has also considered upcoming anticipation and excitement as a trigger to boost the price of Bitcoin but has also mentioned that this would not be helpful in the medium and long-term rally.
Over the past some time, Krüger has been telling the importance of BAKKT for the Bitcoin Approval. A media house quoted him earlier when he had said that the approval of CBOE SolidX ETF still is unlikely since the concerns for the SEC have not changed yet. Although, SEC has also not cleared its decision on the anticipated Van Eck/SolidX Bitcoin ETF Application, yet.
However, Krüger’s prediction seems speculative but he has given a fair theory which is based upon the nearly coming real and imminent events which will surely impact the price cycle. For now, the market is waiting for this series of events to unfold and experience a change in Bitcoin price.