BTC price will rise for at least the next 12 months

More and more data is appearing online that the May halving will entail a significant increaseBitcoin price.In particular, an analysis has emerged that suggests the flagship cryptocurrency will slowly rise over the remainder of the year and set a new all-time high thereafter.

Bitcoin Jack analyst tweeted a chart that analyzes a number of indicators at weekly closing prices that indicate the upcoming bullish recovery:

$ BTC fair price analysis update

40% on our estimated time of price spent below the 0.5 of the entire consolidation range since 20K

In ’13-’17 consolidation saw 41.57%

One way or another, the math suggests there has been enough discount below fair price to grind up rest of year pic.twitter.com/nEsHqplFBj

- // Bitcoin? Ack? (@BTC_JackSparrow) April 8, 2020

The graphics attached to the tweet are consideredmoving averages and Fibonacci sequences in the current market, which are compared with similar data for 2013-2017. There is a clear parallel with most of the data, so if the pattern persists, the price of Bitcoin (BTC) will rise for at least the next twelve months.

Note that Bitcoin Jack does not predict a sharp jump in prices, speaking of a gradual increase, which over the next few months will set a new record.

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